Shares in Chinese courier service SF Express fell as much as 3.7 per cent on Friday following a dispute with the logistics arm of e-commerce giant Alibaba over data sharing.
The courier’s share price dipped after Alibaba’s Cainiao told merchants on Thursday afternoon to select other couriers in response to SF Express’s decision to stop sharing data pertaining to customers with the company.
SF Express had announced on social media platform Weibo it would temporarily stop sharing the data with Cainiao. Couriers in China have ballooned on the back of the country’s e-commerce boom, which in turn has created a wealth of valuable data on consumption habits in the world’s second-largest economy.
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