Chinese delivery company builds up fleet in Europe

By using their own trucks and planes, they can cut prices and take on global rivals

STO Express became the first major Chinese delivery firm to set up its own dedicated fleet of planes and trucks for deliveries across Europe, with the first flight landing in Prague on Wednesday.

The company says it wants to grab a quarter of the China-related market share from big global delivery firms like DHL, UPS, TNT and FedEx in the next one or two years, as its fees are only half theirs.