BUSINESS China courier giants post robust revenue growth in October

BUSINESS

China courier giants post robust revenue growth in October

Xinhua

18:52, November 19, 2019

BEIJING - Three major Chinese express delivery companies reported robust revenue growth in October amid an e-commerce boom in the world's second-largest economy.

71945eac4c3a4b39ba29ea9c1a04f219.jpg

File photo: VCG

In a filing to the Shenzhen Stock Exchange, SF Holding said its revenue from the express delivery business rose 24.5 percent year-on-year to 8.98 billion yuan ($1.28 billion) last month.

In October, SF Holding, a leader in the middle and high-end courier service market, handled 438 million parcels, an annual increase of 48.5 percent.

Smaller rival Yunda Holding reported much stronger business growth. It generated a revenue of 2.8 billion yuan, up 150 percent year-on-year, and handled 865 million parcels, an increase of 30.3 percent.

STO Express said it generated a revenue of 1.98 billion yuan, up 19.4 percent, and handled 702 million parcels, up 37.4 percent.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue