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Shunfeng Express attracts trio of investors

chinadaily.com.cn | Updated: 2013-08-20 16:02

Shunfeng Express, one of China's largest express delivery companies, has signed an investment agreement with Oriza Holdings, China Merchants Group and CITIC Capital, NetEase.com reported on Tuesday.

The three will jointly hold less than 25 percent of Shunfeng Express and marks the first time Shunfeng has attracted outside investments. The value of the trio's investments was not revealed.

Wang Lishun, vice president of Shunfeng Express, told the Chinese news portal that the investments will strengthen Shunfeng's information systems and aviation hubs.

In its 20-year history, Shunfeng has amassed 30 cargo planes and more than 10,000 vehicles. It achieved more than 20 billion yuan in operating revenue last year.

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