Courier firms eye more opportunities

SF Holding, China's biggest private courier company, expects countries and regions participating in the Belt and Road Initiative to evolve rapidly and become the main forces behind the company's expanding international business, according to a senior executive.

"Countries and regions along the Belt and Road Initiative, especially Southeast Asian, South Asian and Eastern European countries, will become our core driving force in the future," said Ray Li, vice-president of the company's international business unit.

However, he conceded that currently the majority of SF Holding's delivery work is in Europe and the US.

The company's service covers about 200 countries and regions, and it has about 124,000 employees in 14 countries. Last year, its international business revenue soared by about 309 percent to 1.1 billion yuan ($159 million).

"Our international business only accounts for about 2 percent of our total revenue now, so the potential is huge," Li told China Daily.

The company is upgrading its delivery service into an integrated operation covering the whole industry chain, such as funding, cross-border payments and market analysis.

Li said the rapid growth of cross-border e-commerce in the region is one of the key reasons for his confidence in the market.

grace@chinadailyhk.com

(China Daily USA 05/15/2017 page7)