DHL signs major deal with China’s biggest courier firm

Deutsche Post DHL Group has entered into a landmark deal with the biggest Chinese courier firm S.F. Holding that entails transfering  its supply chain operations in Mainland China, Hong Kong and Macau. As part of this strategic deal, Deutsche Post DHL Group will receive an upfront payment of RMB 5.5 billion (approximately EUR 700 million) and a revenue-based partnership fee over the next ten years. S.F. Holding will have access to Deutsche Post DHL Group’s best-in-class supply chain services, management expertise, transportation and warehousing technology. The co-branded organization will operate under the leadership of Yin Zou, the current CEO, Greater China of DHL Supply Chain, along with his existing management team.

In a press release, DHL has emphasized that the deal will have no bearing on its business activities in international express, freight transport and e-commerce logistics solutions in China.

 

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