China Post to merge logistics and courier business units
China’s State Postal Bureau (China Post), currently both the regulator and dominant player in the country’s mail delivery market, plans to merge its logistics unit and parcel delivery business, the Beijing News reported.
China Post set up the country’s then largest logistics company, China Post Logistics Co Ltd, at the beginning of 2003 to offer logistics services, also known as EMS, and explore new markets outside postal services.
The newspaper quoted an unidentified source as saying that the integration of the two units is expected to be complete by the end of this year.
It said the move is part of China Post’s efforts to separate its regulation and business operations.
The Beijing News said China Post will also set up two other independent units — a company to operate its letter delivery service, also known as universal postal service, and another to be responsible for its insurance and savings deposits operations.
