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Business

The 'last mile' is a source of opportunities in China

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Employees go through packages at a delivery company's sorting center in Beijing ahead of the 2015 Singles' Day shopping festival.   © Reuters

The turbocharged development of e-commerce in China has spurred similarly explosive growth in the country's express delivery industry, with volumes rising more than 50% a year since 2010, according to State Post Bureau data.

     An estimated 20 billion parcels were delivered via express services last year, generating revenues of more than 265 billion yuan ($40.7 billion). Such rapid growth, however, has not come without problems, including damaged, delayed and lost packages.

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