Hong Kong Stock Market News | Fast Dog Taxi Soars Over 55% in the Afternoon, Rapid Development of Overseas E-commerce Market, Vast Opportunities for Express Delivery Overseas.

In the afternoon, Kuaidog Taxi surged more than 55%, and as of the time of writing, it has risen by 45.26%, reaching HKD 0.69, with a turnover of HKD 11.8827 million. In terms of news, China Merchants Securities released its investment strategy for the express delivery industry in 2024, stating that in the outlook for 2024, the balance between quantity and profit will be the core, and new demand will be explored in the era of existing competition. The bank pointed out that the overseas e-commerce market is developing rapidly, and there is a broad space for express delivery to go global. It is reported that in 2022, Kuaidog Taxi's performance in overseas markets was remarkable, with a sharp increase of 704.3% in revenue from the Indian market and a year-on-year growth of 31.9% in revenue from the Korean market. The overall revenue from overseas business for the year reached CNY 425 million, a significant increase of 34.06% compared to the same period in 2021, contributing over 55% to the total revenue. Combining with the analysis of previous financial reports, the compound annual growth rate of Kuaidog Taxi's overseas business revenue from 2018 to 2022 reached 28.78%.