China courier giants post strong revenue growth in July
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E-mail Xinhua, August 20, 2019
Three major Chinese express delivery companies reported strong revenue growth in July amid booming e-commerce in the world's most populous country.
SF Holding announced in a stock exchange filing on Monday night that its revenue from the express delivery business rose 19.1 percent year on year to 8.34 billion yuan (1.2 billion U.S. dollars) last month.
In July, SF Holding, a leader in the middle and high-end courier service market, handled 369 million parcels, an annual increase of 22.6 percent.
Smaller rival Yunda Holding reported much stronger express delivery business growth. In July, it generated a revenue of 2.77 billion yuan, up 218.9 percent year on year, and handled 879 million parcels, up 56.1 percent.
Meanwhile, STO Express said it generated a revenue of 1.78 billion yuan, up 33.2 percent, and handled 636 million parcels, up 52.2 percent.
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