UPS to tap China’s booming domestic market - Financial Times
United Parcel Service, one of the largest package delivery companies, is moving ahead with plans to establish a domestic service in China as it seeks to tap into booming consumer and business demand in the country.
As early as this week UPS will submit an application for a domestic licence to the State Post Bureau, the local regulator. Once approved, the company will roll out a next-day delivery service and second and third-day delivery products.
“The opportunities are tremendous,” Dan Brutto, president of UPS International, told the Financial Times. “If you take a look at the growing middle class, in the future the domestic market is going to be worth billions.”
United Parcel Service, one of the largest package delivery companies, is moving ahead with plans to establish a domestic service in China as it seeks to tap into booming consumer and business demand in the country.
As early as this week UPS will submit an application for a domestic licence to the State Post Bureau, the local regulator. Once approved, the company will roll out a next-day delivery service and second and third-day delivery products.
“The opportunities are tremendous,” Dan Brutto, president of UPS International, told the Financial Times. “If you take a look at the growing middle class, in the future the domestic market is going to be worth billions.”
