Express delivery firms popular with investors
Updated: 2013-09-11 08:52
By Cai Xiao (chinadaily.com.cn)
|
||||||||
Benefiting from China's huge e-commerce market, express delivery companies have been popular among investors and industry integration, said a report from ChinaVenture on Tuesday.
Citic Capital, Oriza Holdings, China Merchants Group and Jade Capital between them purchased less than 25 percent of shares in leading private express delivery company SF-Express last month, but the investment amount was not released.
Sequoia Capital and Goldstone Investment bought into ZTO Express in May.
Leading Capital, Phoenix Capital and Beijing Pengkang Investment purchased 200 million yuan ($32.7 million) of Quanfeng Express in January.
The report said M&A and industry integration would be the trend of the industry.
The Chinese express delivery market is fragmented with more than 20 large players.
The largest is EMS, accounting for 15.5 percent of the market, followed by STO Express with 15.2 percent and YTO Express with 12.9 percent.
The State Post Bureau of China released a rule early in 2011 that China would encourage large-scale express delivery companies with annual revenue of more than 10 billion yuan each by mergers and acquisitions during the period of the 12th Five-Year Plan (2011-15).
Express delivery companies above that designated size delivered 5.7 billion packages in 2012 and annual revenue totaled 105.5 billion yuan, increasing 39 percent year-on-year.
In the first half of 2013, the figures were 3.8 billion units and 63 billion yuan.
Most Viewed
Editor's Picks
Hanban shops around for a wider choice |
When life is sailing over the bounding sea |
Testing times for G20 leaders |
For many, Chinese dream means happiness |
Private push |
Righting the wrongs of patent rights |
Today's Top News
China's Hawaii goes fishing for talent
US Senate halts vote on use of force in Syria
Li plots course ahead
Kerry to meet Russian counterparts over Syria
Apple's low-end phone price disappointing
IPO to land deals in Hollywood
StanChartered, HSBC 'poised to enter FTZ'
China's data signal stronger growth
US Weekly
Geared to go |
The place to be |