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UPS, Fedex receive licenses to expand Chinese operations

  • UPS (NYSE:UPS) and FedEx (NYSE:FDX) have received Chinese licenses to expand their domestic shipping services to Beijing and other cities without needing joint-venture partners. The licenses increase access to a market second in size only to the U.S., says consultancy Deloitte.
  • The companies have been waiting for years to establish independent courier operations over their Chinese operations, but a 2009 postal law largely restricted foreign firms from delivering packages from abroad.
Comments (1)
  • James Sands
    , contributor
    Comments (2010) | Send Message
     
    Interesting.....I'd like to see some e-commerce partnerships, although JD is attempting to build out its own delivery network....
    14 Aug, 10:48 AM Reply Like
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