FedEx (FDX +0.9%) and UPS (UPS +0.9%) land approval in China to operate domestic delivery...

|About: FedEx Corporation (FDX)|By:, SA News Editor

FedEx (FDX +0.9%) and UPS (UPS +0.9%) land approval in China to operate domestic delivery businesses. Though the prospects sound downright juicy with the companies having well-established international express services in the region, taking a run at the domestic market will involve establishing new branches or forming extensive partnerships. A buyout of existing Chinese express companies is also a possibility.