Cold-chain competition heats up

Logistics companies are racing to expand their cold-chain delivery services in China as the market heats up thanks to continuing consumption upgrades.

SF Holding, the listed arm of delivery service provider SF Express Co Ltd, and Havi Logistics Services established a cold-chain joint venture called New Havi in Shenzhen, Guangdong province, on Friday.

Shenzhen-listed SF Holding is the majority shareholder of the joint venture.