UPS SF express: go out, express industry opened up a new battlefield
- Author:Alex
- Source:21st Century Economic Report
- Release Date:2017-06-21
Recently, UPS (NYSE: UPS) and Shun Fung Holdings (002352.SZ) announced that it will set up a joint venture in Hong Kong Global Connect Holding Limited , currently wholly owned by UPS, to be completed after the delivery conditions, both sides Will subscribe for shares in the joint venture in cash, each holding 50%.
UPS response to the 21st century economic report said the joint venture focused on China's cross-border transport, as well as e-commerce and B2B import and export logistics solutions, but because "is waiting for regulatory approval of the relevant departments", temporarily unable to disclose new business details.
Although UPS said that through the combination of the advantages of both sides, Chinese enterprises and global consumers will provide more opportunities to enter overseas markets, better contributed to China, the United States and other countries between the growing cross-border business opportunities, but for the To open the domestic express delivery market UPS and want to further expand the overseas layout of the SF Feng, this step is undoubtedly the competition turned to competing, other courier companies or will accelerate the pace of internationalization.
UPS response to the 21st century economic report said the joint venture focused on China's cross-border transport, as well as e-commerce and B2B import and export logistics solutions, but because "is waiting for regulatory approval of the relevant departments", temporarily unable to disclose new business details.
Although UPS said that through the combination of the advantages of both sides, Chinese enterprises and global consumers will provide more opportunities to enter overseas markets, better contributed to China, the United States and other countries between the growing cross-border business opportunities, but for the To open the domestic express delivery market UPS and want to further expand the overseas layout of the SF Feng, this step is undoubtedly the competition turned to competing, other courier companies or will accelerate the pace of internationalization.