last-mile delivery

Qudian Inc. reported its Q2 2025 unaudited financial results, revealing a strategic shift. Revenue sharply decreased to RMB3.5 million, while net income attributable to shareholders significantly increased to RMB311.8 million. The company is winding down its last-mile delivery operations due to heightened competition, focusing on sustainable growth. Despite operating losses of RMB113.9 million, investment income surged by 392.3% to RMB440.5 million. Qudian held RMB4,029.0 million in cash and equivalents. The company continues its share repurchase program, having bought back $54.6 million worth of ADSs since June 2024.

JD Logistics is expanding its premium courier service, Jingzunda, to Tianjin, Chongqing, and Suzhou. The service focuses on high-value goods, including luxury fashion and gifts, offering professional handling, custom packaging, and scheduled deliveries. This expansion aims to capture a larger premium delivery market share, building on Jingzunda’s success during peak gifting seasons.