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SHANGHAI: October 26, 2018. Deutsche Post DHL (DPDHL) has partnered with S.F. Holding to expand its supply chain operations in China. As part of the deal, the German company will receive an initial €700 million payment plus a revenue-based fee for the next decade.

The co-branded agreement relates to DHL’s supply chain business in Mainland China, Hong Kong and Macau and has no impact on its international express, freight transport and e-commerce logistics solutions in China.

SF Holding DPDHLDPDHL will provide S.F. Holding with supply chain services, management expertise, transportation and warehousing technology under the leadership of Yin Zou, the current DHL Supply Chain CEO for Greater China together with his existing management team.

“S.F. Holding’s local market expertise in China has real advantages for our customers across all industries including technology, healthcare, retail, automotive, and e-commerce,” said DPDHL CEO Frank Appel. “Combined with our global operations standards and network support, the agreement provides a solid foundation to continue exploring further opportunities in China in the coming years.”

The partnership is expected to leverage the Chinese company’s extensive domestic infrastructure, distribution network and broad base of local customers.

“S.F. Holding has been actively expanding its business-to-business capabilities and pursuing different strategic partnerships to grow into a truly integrated logistics solutions provider that delivers best-in-class services for our clients,” explained chairman Dick Wong. “This partnership agreement will strengthen our capability in providing supply chain services to a diverse realm of industries and allow us to bring world-class management expertise into our supply chain business operations.”

Last year China's Ministry of Commerce approved a joint venture between UPS and SF Holding to combine 13,000 service points across 331 cities in China with the UPS network in 220 countries.

Since then the two companies have been providing an international delivery service from China to the US that was enhanced in September when Atlas Air Worldwide Holdings signed an ACMI deal with SF Express to provide B747 freighter capacity between the two countries.

(Pictured left to right: Julie Zhu, CFO, Greater China, DHL Supply Chain; Jeffrey Chan, Chief Strategy Officer, S.F. Holding; Dick Wong, chairman, S.F. Holding; John Gilbert, Global CEO, DHL Supply Chain; Pablo Ciano, executive vice president, head of Corporate Development, Deutsche Post DHL Group; and Yin Zou, CEO, Greater China, DHL Supply Chain.)

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