Three new courier services will be serving China in addition to the more than 35,000 express delivery companies operating there now, according to Reuters.
Yamato Transport Co. Ltd., part of Tokyo-based Yamato group; OCS Overseas Courier Service, also based in Japan; and Kerry Logistics of Hong Kong have been given permission to operate in mainland China as the express delivery market expands due to more people shopping online.
Some of the courier services in China can deliver packages for hundreds of miles the same day for as low as 2 yuan, or 32 cents in U.S. currency. Compare that to the U.S. Postal Service, which on average charges at least $10 for domestic parcel delivery.
China surpassed the U.S. in 2013 as the world’s largest digital retail market, according to Bain and Co. consultants of Hong Kong. China is expected to spend 3.3 trillion RMB (renminbi) in 2015 in online purchases.
Kerry Logistics won the Global and Regional Logistics provider of the year award for 2013.