The growth of China’s express industry has slowed down in the first quarter. Express companies's volume increased 41.7% and business revenues increased 31.6%.
China's express delivery is moving along in a growth momentum as the environment for development continues to optimize in China. The total revenue of China's express delivery market hit 204 billion yuan (33 billion U.S. dollars) in 2014, up 42 percent, official data showed on Tuesday. Businesses made 14 billion deliveries last year, the most in the world and 52 percent up from 2013.
In 2014, several private-owned express delivery companies expanded their business on the international markets such as Russia, Australia, the US, etc. The development of cross-country e-commerce is a factor that contributed to Chinese express delivery business on the international market.
