DHL signs licence deal with China’s SF Holding

Deutsche Post DHL Group is to transfer its supply chain operations in mainland China, Hong Kong and Macau to Chinese logistics service provider SF Holding, setting up a new co-branded business – SF DHL Supply Chain China. The RMB 5.5 billion (EUR 700 million) deal involves only the supply chain business; the DPDHL Group’s international […]

SF Holding signs supply chain deal with DPDHL

Deutsche Post DHL Group has signed a deal to transfer supply chain operations in China to SF Holding, covering the mainland, Hong Kong and Macau. As part of the deal, DPDHL will receive an upfront payment of €700 million and a revenue based partnership fee over the next 10 years. SF Holding will have access […]