HONG KONG -- The harsh price war in the fast-growing Chinese express delivery sector is showing signs of tapering, with government policy heavily influenced by President Xi Jinping's dictum of "common prosperity" among the factors that seem to have played a role.
Express delivery services have grown exponentially in the last decade, rising hand in hand with China's flourishing e-commerce business. The number of delivered parcels has increased by 35.6 times since 2010, creating a business with annual revenue over $100 billion.
