Caixin
Oct 29, 2018 07:32 PM
BUSINESS & TECH

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

Workers carry packages at a DHL Group logistics center in Hamburg, Germany in May 2017. Photo: VCG
Workers carry packages at a DHL Group logistics center in Hamburg, Germany in May 2017. Photo: VCG

* 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.

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