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BUSINESS & TECH

UPS, SF Express Deliver Global Package Joint Venture

By Yang Ge
View of a logo for courier SF Express at a branch in Shenzhen, in east China's Guangdong province, on July 23, 2016. Photo: IC
View of a logo for courier SF Express at a branch in Shenzhen, in east China's Guangdong province, on July 23, 2016. Photo: IC

(Beijing) — Global parcel delivery giant UPS said it will form a joint venture with leading Chinese peer SF Express, pooling resources to develop international courier services catering to a boom in business from cross-border e-commerce and small business traders.

The joint venture will initially have $10 million in investment, with each of the partners providing half, according to a Friday announcement from the recently-listed SF Holding Co. Ltd., parent of SF Express.

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