SF Express Group Co., Ltd. is expanding its domestic logistics business with the launch of a service called SFbuy to handle deliveries from overseas e-commerce websites, National Business Daily reported Friday. The company aims to capitalize on the growing number of Chinese shopping on overseas websites thanks to the rising buying power of the yuan. SF Express will serve as a third-party logistics aggregation company to deliver the products from the warehouses of offshore online shops to recipients in China, charging much lower shipment fees than its competitors. Various third-party payment platforms were also awarded licenses four months ago to handle cross-border payments, fueling the fast growth in overseas online shopping, the report said.
– Contact HKEJ at [email protected]