Thailand Post banking on China partner

Quick Summary:

Thailand Post is set to establish a joint venture with a leading Chinese logistics company in early 2025 to boost its volume of logistics traffic from China to the domestic market and from the Thai market to China amid the influx of Chinese products in the local e-commerce market.

Mr Dhanant said the logistics business contributes around 45% of its total revenue, while the postal business group generates around 33%, international service group 13%, retail business group 5% and the rest from others.

Thailand Post's market share of domestic logistics services is around 32%, while foreign logistics providers, especially those from China, secure the rest.

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Article Details

Category: EconomyBusiness

Markets: ThailandAustraliaChinaHong KongIndiaJapanSouth KoreaLaosMalaysiaNetherlandsTaiwanUnited Kingdom

Topics: Service Postal International China Dhanant Services Post Thailand Logistics Market Shipping

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 05:40:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 813 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21843088

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 3 hours ago

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Publisher ID: #66

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