China’s Biggest Courier Gets Bigger With Purchase of DHL Logistics Unit

* China’s largest private courier, SF Holding, has purchased DHL Group’s Greater China supply chain business for $792 million

* The latest tie-up marks another step in SF Holding’s expansion into commercial logistics

(Beijing) — Deutsche Post DHL Group has agreed to sell its Greater China supply chain business to local peer SF Holding Co. Ltd., in a tie-up that could further cement the latter’s position as China’s largest private courier.