中国快递 “反内卷” 更新-大范围涨价，后续如何-China ExpressAnti-Involution Update #5 - Widespread Price Hikes, What's Next
2025-09-09 02:40
September 8, 2025 08:45 AM GMT China Express | Asia Pacific "Anti-Involution": Update #5 - Widespread Price Hikes, What's Next? Key Takeaways We talked to management from key players and summarize recent developments in "anti-involution" initiatives. Recent price hikes: Market share lock-up period: Industry volume growth: ZTO and YTO both mentioned industry volume growth decelerated in August. M Update Morgan Stanley Asia Limited+ Qianlei Fan, CFA Equity Analyst Qianlei.Fan@morganstanley.com +852 2239-1875 ...