Journal of Commerce--DHL is dropping its attempt to build domestic express delivery services in China, according to a published report.
Reuters reported that DHL parent Deutsche Post DHL sold its stake in a 50-50 joint venture with China’s Sinotrans to a small courier company, Uni-top.
Sinotrans said in a statement to Reuters that DHL had sold the stake in DHL Sinotrans International after failing to compete with the many small companies that make up the deeply fragmented China delivery market.
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Reuters reported that DHL parent Deutsche Post DHL sold its stake in a 50-50 joint venture with China’s Sinotrans to a small courier company, Uni-top.
Sinotrans said in a statement to Reuters that DHL had sold the stake in DHL Sinotrans International after failing to compete with the many small companies that make up the deeply fragmented China delivery market.
Read more!
