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ATLANTA: September 28, 2017. China's Ministry of Commerce has approved a SF Expressproposed joint venture between UPS and SF Holding, the parent company of SF Express, to combine 13,000 service points across 331 cities in China with the UPS network in 220 countries.

The two companies will now collaborate on the initial provision of international delivery services from China to the U.S. as a continuation of their collaboration that began in 2015 when SF's Heike retail stores in Shanghai and Shenzhen offered UPS international express services.

"We're delighted to help the many customers in China who will now be in a position to trade more easily across borders and better compete on the global stage thanks to product offerings from the UPS and SF joint venture," said Ross McCullough, UPS president Asia Pacific. "UPS has an aggressive multi-year growth plan in China. This JV is highly symbolic of UPS's confidence in long-term growth opportunities in China," he added

"The establishment of this joint venture boosts global expansion of Chinese enterprises beyond local borders," said Alan Wong, SF group vice president. "SF and UPS are able to maximize the strengths of both companies to continuously innovate and create more competitive products that deliver strong value for customers."

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