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China delivery price-war hits market leader SF Holding

Intense competition at home pushing courier groups to go abroad

An SF Holding truck in Hong Kong. SF's warning of a net loss for the first three months of the year has pushed its stock price down sharply. (Photo by Kenji Kawase)

HONG KONG -- A fierce price war is coming hand-in-hand with an exponential growth in volume in China's express delivery industry, hitting some of the sector's biggest names and exposing the costs of a dash for growth.

The stiff competition has been made stiffer by a big increase in demand for deliveries brought on by the coronavirus pandemic. Some companies are striking alliances or seeking more growth abroad in search of a competitive edge.

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