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Business trends

Price war takes toll on Chinese express delivery companies

COVID-19 boosts demand for courier services, but heightens market share battle

Employees sort out parcels at a logistic base of ZTO Express in China's Jiangsu Province.   © Reuters

HONG KONG -- Demand for courier services has boomed in China this year with a boost from the coronavirus pandemic but this has only heightened a brutal fight for market share.

The number of parcels delivered in the country during the first 10 months of the year was 64.38 billion units, an increase of 29.6% from the same period a year earlier, and already exceeding the full-year level of 2019, even after a decade of double-digit growth.

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