Japan Post in talks for comprehensive tie-up with China Post
Japan Post is in the final stages of talks to form a comprehensive business tie-up with China Post, the Nikkei business daily reported Tuesday.
Japan Post President Yoshifumi Nishikawa was scheduled to meet his China Post counterpart Liu Andong in Beijing today with the aim of signing a memorandum of understanding on the deal, the report said in its evening edition, citing sources familiar with the matter.
If a deal is signed, it will be Japan Post’s first comprehensive alliance with a major overseas postal service provider or shipping company. The public corporation is to be privatized in October, splitting into four different entities, including a postal delivery unit.
As a first step under the planned alliance with China Post, Japan Post will increase the weight limit for its Express Mail Service — an international delivery service for letters and packages — by 10-20 kilograms from the current 30 kilograms, the Nikkei said.
It will also expand the areas of next-day delivery from Shanghai at present, to Beijing and other major cities, the daily said.
Japan Post is also considering acquiring a stake in a distribution subsidiary of China Post or creating a new joint venture for such operations, the report said.
