UPS mulling foray into Chinese retail market
UPS International president David Abney said that the company is carrying out an appraisal of the operational networks in China with the aim of exploring business styles commensurate with the small client market, according to Shanghai Securities News. Small and medium-sized clients in Shanghai would be the primary target for the company's express delivery, copying, binding and computer services, the president is reported to have said. UPS, Asia's third-largest express company by volume, this week said it will increase flights to the US from Hong Kong to three times a day this summer to keep up with strong demand for high-value products from South China's Pearl River Delta, according to the South China Morning Post. FedEX, a key rival of UPS in the region, is also thought to be considering entry into the Chinese retail industry, through express service stores, also by targeting small and medium-sized clients.