DHL, one of the world's largest express delivery and logistics company, said it was likely to join hands with another mainland company other than existing partner Sinotrans to tap the mainland's rapid economic growth, the South China Morning Post reported on Tuesday.
Jerry Hsu, president for DHL Express Asia-Pacific, said the company is assessing the possibility of teaming up with mainland market players to expand domestic services, adding it still values the long-term partnership with Sinotrans.
DHL set up a joint venture with Sinotrans in 1980, initially offering international courier services in the country.
He also said Sinotran's local strengths would enable DHL to secure the business information to extend its market presence in China.
DHL has expanded its branches to 73 Chinese cities, and expected the number to grow to 400.
Currently, DHL takes a leading position in Greater China market with a 32.7% market share valued at €2.5 billion (HK$27.88 billion).
Separately, DHL announced yesterday the completion of its US$110 million Central Asia Hub (CHA) expansion. With a total investment of US$210 million, the facility is the first largest-scale automated express hub in Asia Pacific and will significantly boost DHL's operational capability in Asia. £¨Source; China knowlege£©