Firms sign logistics partnership

Updated 2017-09-15 10:00:44 China Daily
Workers of SF Express sort packages at an outlet of the company in Beijing. (Photo/China Daily by Zhu Xingxin)

Workers of SF Express sort packages at an outlet of the company in Beijing. (Photo/China Daily by Zhu Xingxin)

China's logistic companies are teaming up to seize the self-service delivery locker market, which has become the focus of intensified competition in the sector.

Logistic giant SF Express on Thursday announced it has signed a strategic cooperation agreement with China International Marine Containers (Group) Co Ltd, the country's largest transportation equipment producer by revenue.

The two companies intend to seek further cooperation in transportation, express delivery, equipment, technology and funding, as well as the China-Europe Railway Express and other activities in the Belt and Road area.

The latest step is the acquisition of CIMC Electricity Commerce and Logistics Technology Co Ltd by Shenzhen-based Hive Box Technology, one of SF Express' investment in smart delivery locker business.

CIMC Electricity Commerce, a subsidiary of CIMC, was established in 2014 in Shenzhen and owns around 14,000 smart delivery locker cabinets, while Hive Box has more than 60,000 such cabinets.

These lockers are usually situated in residential communities, office buildings, college campuses and other public zones. If users are not available to pick up their express items, couriers can leave the packages in these lockers. Users will receive a password on their mobile phones to open their lockers.

After the acquisition, Hive Box's aim is to reach 90,000 locker units by the end of this year, dealing with five million parcels per day and covering 70 percent of the market in Beijing, Shanghai, Guangzhou and Shenzhen.

Zhao Xiaomin, a Shanghai-based logistics industry consultant, believes Hive Box will become the leading company in the smart locker industry and the total quantity provided by the whole industry is around 170,000 units.

In recent years, smart delivery lockers have boomed due to the development of e-commerce in China.

Sposter and State-owned China Post, another two major players in the industry, merged their locker operations in July and together own about 77,000 smart locker cabinets, according to China's news portal sina.com.

Recently, China's leading home appliance manufacturer Haier and e-commerce platform JD.com, also joined the smart locker market.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 17 2017 00:39:21

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 17 2017 00:39:21

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 17 2017 00:39:21

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords