Courier Service Firm Finally Takes Delivery of Outside Investment

(Beijing) -- Wang Wei, the soft-spoken head of SF Express, is finally opening his company to outside investments, a full 20 years after first founding his delivery service business.

On August 19, executives at SF Express (Group) Co. Ltd. confirmed the company had entered a strategic investment agreement with state-backed investors Oriza Holdings of Suzhou, Jiangsu Province; China Merchants Group; and CITIC Capital. The three investors will own a little less than 25 percent of SF Express after the deal.