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FedEx's Sinotrans FedEx has transferred all equity of its three domestic express delivery companies to Shenzhen Youhe Daotong Industrial Co., Ltd. According to the announcement of Sinotrans Development (600270, stock bar), Sinotrans FedEx is a joint venture established by Sinotrans Development and Deutsche Post (FedEx) with 50% investment each. 

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This means that FedEx, one of the four major international express delivery companies, will temporarily withdraw from China's domestic express delivery business. China's sustained economic development has created enormous development opportunities for the logistics and supply chain industries. Strong domestic demand and strong online consumption are further expanding market potential, driving demand for domestic transportation services, especially in the automotive, consumer goods, healthcare, retail and high-tech sectors. "

Mo Zhiming, CEO of FedEx Supply Chain North Asia, publicly stated, FedEx's supply chain currently operates over 15 large logistics centers in major cities in China.