The business of moving boxes around China is anything but boring these days.
Cainiao Smart Logistics Network last month reported faster revenue growth than any other specified part of Alibaba Group Holding's vast empire. JD Logistics, the corresponding arm of rival JD.com, has filed to raise as much as $5 billion in an initial public offering in Hong Kong. SF Holding, a stand-alone Chinese courier company, has offered $2.3 billion to buy control of Hong Kong-based Kerry Logistics Network to expand its reach into Southeast Asia.
