DHL retreats from China domestic express service - Reuters
Deutsche Post AG's (DPWGn.DE) courier service has pulled out of its money-losing domestic delivery business in China to focus on the lucrative international segment.
DHL, FedEx Corp and United Parcel Service Inc are major players in China's outbound courier service sector, but have been unable to compete with tiny, privately-owned Chinese companies that are willing to slash their margins to win customers.
Deutsche Post AG's (DPWGn.DE) courier service has pulled out of its money-losing domestic delivery business in China to focus on the lucrative international segment.
DHL, FedEx Corp and United Parcel Service Inc are major players in China's outbound courier service sector, but have been unable to compete with tiny, privately-owned Chinese companies that are willing to slash their margins to win customers.
