2024 RT Amination Banner.gif

China Daily

News> Business> Content
Published: 14:30, November 20, 2023 | Updated: 14:34, November 20, 2023
China's express delivery sector keeps rapid growth in Jan-Oct
By Xinhua
Published:14:30, November 20, 2023 Updated:14:34, November 20, 2023 By Xinhua

Employees sort parcels at a China Post workshop in Yongzhou, Hunan province, on Nov 12, 2023. (PHOTO / XINHUA)

BEIJING - China's courier sector continued to see rapid growth in both business volume and revenue during the first 10 months of this year, official data showed Monday.

The sector raked in total revenue of 964.38 billion yuan (about $134.67 billion) in the January-October period, up 12.3 percent year-on-year, according to the State Post Bureau. Express delivery firms handled 105.17 billion parcels in this period, up 17 percent compared with a year earlier.

In October alone, China's courier sector witnessed strong expansion, with 12.06 billion deliveries and 109.83 billion yuan in business revenue.

The robust trend is expected to consolidate this month as express deliveries surged during the annual "Double 11" online shopping spree.

ALSO READ: China's express delivery volume surges in 'Double 11' festival

From Nov 1 to 16, about 7.51 billion packages were sent via this sector in China, representing 30.9 percent growth compared with the same period in 2022. Companies in the sector have added couriers, extended working hours, and deployed more automated facilities to meet demand.

Share this story

Please click in the upper right corner to open it in your browser !