United Parcel Service, one of the largest package delivery companies, is moving ahead with plans to establish a domestic service in China as it seeks to tap into booming consumer and business demand in the country.
As early as this week UPS will submit an application for a domestic licence to the State Post Bureau, the local regulator. Once approved, the company will roll out a next-day delivery service and second and third-day delivery products.
“The opportunities are tremendous,” Dan Brutto, president of UPS International, told the Financial Times. “If you take a look at the growing middle class, in the future the domestic market is going to be worth billions.”
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