China express delivery revenue up 42% in Jan-Nov

BEIJING -- Revenue for Chinese express delivery businesses hit 182.07 billion yuan ($30 billion) in the first 11 months of 2014, up 41.6 percent year on year, data from the State Post Bureau showed on Monday.

A total of 12.32 billion deliveries were made during the same period, up 51.8 percent year on year, the data showed.

Due to promotions launched by major e-commerce giants such as Alibaba and JD.com, revenue of the sector hit 22.81 billion yuan in November, up 42.2 percent. The revenue marked a historical high in terms of monthly income.

Total deliveries in November came to 1.65 billion, up 51.4 percent.