SF Express Allegedly Exits Douyin E-commerce Return Business Amid Strategic Changes and Internal Focus
SF Express Withdrawal: SF Express has opted out of the Douyin E-commerce return service for 2026, citing strategic business adjustments and a focus on reducing its return business.
Logistics Transition: Douyin E-commerce will now rely on other logistics providers, including JD, ZTO EXPRESS, and YTO INTL EXP, to handle return fulfillment.
Market Impact: The decision reflects SF Express's ongoing challenges in business growth and its strategy to streamline operations.
Stock Market Notes: The article includes stock performance data, indicating short selling activity and delayed quotes for Hong Kong stocks.
Trade with 70% Backtested Accuracy
Analyst Views on 02057
About the author
<Midday Update> HSI Rises by 385 Points; HSTI Gains 55 Points; PING AN Surges Over 4%; YUM CHINA, LI NING, SHK PPT, BOC HONG KONG, and ZTO EXPRESS-W Reach New Peaks
Market Performance: The HSI rose by 385 points (1.5%) to 26,945, while the HSTI and HSCEI also saw gains of 55 points (1.0%) and 111 points (1.2%) respectively.
Active Heavyweights: Notable stocks included PING AN (+4.1%), HKEX (+2.8%), and BABA (+1.9%), with significant short selling activity reported for each.
Top Gainers: INNOVENT BIO and POP MART led the gains among HSI & HSCEI constituents, rising by 5.9% and 5.8% respectively, while KUAISHOU-W experienced a notable decline of 4.3%.
Significant Movements: CHINA EAST EDU and CHINA LIT saw substantial increases of 11.9% and 10.1%, while REALORD GROUP faced a significant drop of 10%.
<Full-day Summary> HSI Falls 325 Points; HSTI Declines 59 Points; AIA Drops More Than 5%; ZTO EXPRESS-W, BOC HONG KONG, SHK PPT, REALORD GROUP, SANY INT'L Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 325 points (1.2%) to 26,559, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, with market turnover reaching $247.87 billion.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw significant drops, with Alibaba closing down 2.9% at $155, while Xiaomi and CCB managed slight gains.
Notable Movers: AIA experienced a sharp decline of 5.5%, while Li Auto and Mengniu Dairy saw increases of 3.6% and 3%, respectively, with several stocks hitting new highs.
Short Selling Trends: High short selling ratios were noted for several companies, including Ping An and CCB, indicating increased market speculation and potential bearish sentiment.
ZTO EXPRESS-W Forecasts Yearly Revenue Growth of Approximately 9.5-12.9% for 2025
Stock Performance: ZTO Express-W (02057.HK) saw an increase of 4.100 (+2.343%) in its stock price, with short selling amounting to $137.70 million and a ratio of 29.867%.
Revenue Forecast: The company projects total revenues for 2025 to be between RMB48.5 billion and RMB50 billion, reflecting a growth of approximately 9.5% to 12.9% compared to RMB44.281 billion in 2024.
Gross Profit Projection: ZTO Express-W anticipates its gross profit for 2025 to range from RMB12.15 billion to RMB12.55 billion, indicating a decline of about 8.5% to 11.4% from RMB13.717 billion in 2024.
Market Data Note: The stock quote for HK stocks is delayed by at least 15 minutes, and the short selling data is as of February 4, 2026, at 16:25.
<Daily Summary> HSI Ends at 26,834, Gaining 59 Points; HSTI Finishes at 5,467, Losing 59 Points; CSPC PHARMA Surges Over 8%; NEW ORIENTAL, HSBC HOLDINGS, MTR CORPORATION, POWER ASSETS, CIMC Reach New Peaks; Market Turnover Increases
Market Performance: The HSI rose by 59 points (0.2%) to 26,834, while the HSTI and HSCEI fell by 59 points (1.1%) and 27 points (0.3%) respectively, with a total market turnover of $335.15 billion.
Active Heavyweights: Major stocks like Tencent, Meituan, and Alibaba saw declines, with Tencent closing down 2.9% at $581, while Ping An was the only heavyweight to gain, closing up 0.8% at $71.3.
Notable Movers: CSPC Pharma and New Oriental experienced significant gains, rising 8.1% and 6.4% respectively, while Kuaishou-W and Baidu-SW faced notable declines, down 4.6% and 3.6%.
High Performers: CIMC and Wanguo Gold GP were standout performers, with CIMC surging 15% and Wanguo Gold GP increasing by 13.6%, both hitting new highs.
HSI Declines by 27 Points; TRIP.COM-S Drops 15%; Logistics Stocks Perform Well
US Market Performance: US bank stocks were weak, with the DJIA dropping 42 points, while Hong Kong's stock market also opened lower, reflecting a slight decline across major indices.
Alibaba's AI Launch: Alibaba's Qianwen platform is set to introduce an "AI life assistant" that simplifies ordering takeout and finding restaurants through single-sentence commands.
TRIP.COM Investigation: TRIP.COM is under investigation for suspected monopolistic practices, leading to a significant drop in its stock price, with its ADR falling 17% overnight.
Strategic Partnerships in Logistics: J&T Express and SF Holding have entered a strategic cross-shareholding agreement worth HK$8.3 billion, resulting in positive stock performance for both companies.
SF Express Allegedly Exits Douyin E-commerce Return Business Amid Strategic Changes and Internal Focus
SF Express Withdrawal: SF Express has opted out of the Douyin E-commerce return service for 2026, citing strategic business adjustments and a focus on reducing its return business.
Logistics Transition: Douyin E-commerce will now rely on other logistics providers, including JD, ZTO EXPRESS, and YTO INTL EXP, to handle return fulfillment.
Market Impact: The decision reflects SF Express's ongoing challenges in business growth and its strategy to streamline operations.
Stock Market Notes: The article includes stock performance data, indicating short selling activity and delayed quotes for Hong Kong stocks.
<Midday Update> HSI Rises by 385 Points; HSTI Gains 55 Points; PING AN Surges Over 4%; YUM CHINA, LI NING, SHK PPT, BOC HONG KONG, and ZTO EXPRESS-W Reach New Peaks
Market Performance: The HSI rose by 385 points (1.5%) to 26,945, while the HSTI and HSCEI also saw gains of 55 points (1.0%) and 111 points (1.2%) respectively.
Active Heavyweights: Notable stocks included PING AN (+4.1%), HKEX (+2.8%), and BABA (+1.9%), with significant short selling activity reported for each.
Top Gainers: INNOVENT BIO and POP MART led the gains among HSI & HSCEI constituents, rising by 5.9% and 5.8% respectively, while KUAISHOU-W experienced a notable decline of 4.3%.
Significant Movements: CHINA EAST EDU and CHINA LIT saw substantial increases of 11.9% and 10.1%, while REALORD GROUP faced a significant drop of 10%.
<Full-day Summary> HSI Falls 325 Points; HSTI Declines 59 Points; AIA Drops More Than 5%; ZTO EXPRESS-W, BOC HONG KONG, SHK PPT, REALORD GROUP, SANY INT'L Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 325 points (1.2%) to 26,559, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, with market turnover reaching $247.87 billion.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw significant drops, with Alibaba closing down 2.9% at $155, while Xiaomi and CCB managed slight gains.
Notable Movers: AIA experienced a sharp decline of 5.5%, while Li Auto and Mengniu Dairy saw increases of 3.6% and 3%, respectively, with several stocks hitting new highs.
Short Selling Trends: High short selling ratios were noted for several companies, including Ping An and CCB, indicating increased market speculation and potential bearish sentiment.
ZTO EXPRESS-W Forecasts Yearly Revenue Growth of Approximately 9.5-12.9% for 2025
Stock Performance: ZTO Express-W (02057.HK) saw an increase of 4.100 (+2.343%) in its stock price, with short selling amounting to $137.70 million and a ratio of 29.867%.
Revenue Forecast: The company projects total revenues for 2025 to be between RMB48.5 billion and RMB50 billion, reflecting a growth of approximately 9.5% to 12.9% compared to RMB44.281 billion in 2024.
Gross Profit Projection: ZTO Express-W anticipates its gross profit for 2025 to range from RMB12.15 billion to RMB12.55 billion, indicating a decline of about 8.5% to 11.4% from RMB13.717 billion in 2024.
Market Data Note: The stock quote for HK stocks is delayed by at least 15 minutes, and the short selling data is as of February 4, 2026, at 16:25.
<Daily Summary> HSI Ends at 26,834, Gaining 59 Points; HSTI Finishes at 5,467, Losing 59 Points; CSPC PHARMA Surges Over 8%; NEW ORIENTAL, HSBC HOLDINGS, MTR CORPORATION, POWER ASSETS, CIMC Reach New Peaks; Market Turnover Increases
Market Performance: The HSI rose by 59 points (0.2%) to 26,834, while the HSTI and HSCEI fell by 59 points (1.1%) and 27 points (0.3%) respectively, with a total market turnover of $335.15 billion.
Active Heavyweights: Major stocks like Tencent, Meituan, and Alibaba saw declines, with Tencent closing down 2.9% at $581, while Ping An was the only heavyweight to gain, closing up 0.8% at $71.3.
Notable Movers: CSPC Pharma and New Oriental experienced significant gains, rising 8.1% and 6.4% respectively, while Kuaishou-W and Baidu-SW faced notable declines, down 4.6% and 3.6%.
High Performers: CIMC and Wanguo Gold GP were standout performers, with CIMC surging 15% and Wanguo Gold GP increasing by 13.6%, both hitting new highs.
HSI Declines by 27 Points; TRIP.COM-S Drops 15%; Logistics Stocks Perform Well
US Market Performance: US bank stocks were weak, with the DJIA dropping 42 points, while Hong Kong's stock market also opened lower, reflecting a slight decline across major indices.
Alibaba's AI Launch: Alibaba's Qianwen platform is set to introduce an "AI life assistant" that simplifies ordering takeout and finding restaurants through single-sentence commands.
TRIP.COM Investigation: TRIP.COM is under investigation for suspected monopolistic practices, leading to a significant drop in its stock price, with its ADR falling 17% overnight.
Strategic Partnerships in Logistics: J&T Express and SF Holding have entered a strategic cross-shareholding agreement worth HK$8.3 billion, resulting in positive stock performance for both companies.
SF Express Allegedly Exits Douyin E-commerce Return Business Amid Strategic Changes and Internal Focus
SF Express Withdrawal: SF Express has opted out of the Douyin E-commerce return service for 2026, citing strategic business adjustments and a focus on reducing its return business.
Logistics Transition: Douyin E-commerce will now rely on other logistics providers, including JD, ZTO EXPRESS, and YTO INTL EXP, to handle return fulfillment.
Market Impact: The decision reflects SF Express's ongoing challenges in business growth and its strategy to streamline operations.
Stock Market Notes: The article includes stock performance data, indicating short selling activity and delayed quotes for Hong Kong stocks.
