China’s top courier breaks ties with Alibaba’s logistics giant – China’s latest business and technology news

Business & Technology

A summary of the top news in Chinese business and technology for June 2, 2017. Part of the daily SupChina news roundup "The China-Arab Expo."

SF Express (顺丰速运 shùnfēng sùyùn), China’s largest delivery firm, and Cainiao Networks (菜鸟网络 càiniǎo wǎngluò), the Alibaba-owned logistics operating giant, have broken ties over a data dispute. SF became uncomfortable with repeated requests for data from its partner Cainiao, which handles logistics for over 80 percent of express courier packages in China, and on May 31 became the first part of Cainiao’s network to break a logistics arrangement, Caixin reports. SF made headlines in February this year when its founder, Wang Wei 王卫, became China’s third-richest man practically overnight as his company enjoyed a wildly successful listing on the Shenzhen Stock Exchange.