SF Holding, the owner of China’s largest private delivery courier company, SF Express, has partnered with DHL, the world’s largest logistics company, on a co-branded, ten-year venture named Shunfeng DHL Supply Chain China.
Headquartered in Shanghai, the venture will be led by Zou Yin, former CEO of DHL’s Greater China supply chain business, who is tasked with combining SF Holding’s immense domestic logistics network with DHL’s technology and 30 years of operating experience in China.
Shunfeng DHL is a culmination of the partnership between SF Holding and DHL, first announced in October 2018. The partnership saw SF Holding acquire DHL’s supply chain business in the Chinese mainland, Hong Kong, and Macau for an upfront payment of approximately US$800 million, plus a revenue-based fee over ten years.
“This is a milestone in the development of SF Express from an express delivery company to a supply chain company,” according to SF Holding chairman Wang Wei.
At its start, Shunfeng DHL will reportedly provide logistics services in the fields of high technology, medical, retail, consumer goods, automotive, chemicals, and e-commerce.