dhl-deutsche-post-sf-holding

DHL sets up China joint venture

Deutsche Post DHL Group is to transfer its supply chain operations in mainland China, Hong Kong and Macau to SF Holding and set up a new joint company, SF DHL Supply Chain China. The RMB 5.5 billion (EUR 700 million) deal involves only the supply chain business; international express, freight transport and e-commerce logistics solutions in China are not affected. [+]