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Suning’s online retail business to go overseas
Print Edition
Suning, one of China’s largest appliance retailers, has obtained an international express delivery license from the State Post Bureau, becoming the country’s first e-commerce player to operate the service.
This means the Nanjing-based company’s online retailing business will expand to overseas markets as it competes with FedEx, DHL, UPS and TNT in international express delivery services.
Suning had already obtained a national license and over 150 regional licenses for its express delivery services around the country.
It’s common for online shopping platforms to enter the logistics market. JD.com became China’s first e-commerce company to obtain an express delivery license in 2012, and other online retailing platforms such as Vancl, Vipshop and Yihaodian followed suit in applying.
Industry insiders said a decline in service due to price competition among express delivery companies has forced online retailing platforms to develop their own delivery systems.
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