China’s postal industry has grown considerably during 2020 because of the expansion of China’s e-commerce industry. The pandemic has resulted in online consumer spending reaching a record high in 2020. Compared to 2019, online retail grew by 11.5% between January and November.
According to the State Post Bureau, the revenue of China’s postal industry reached 992.85 billion RMB in the first 11 months of 2020, a 14% increase from the year before. Between January and November, 74.1 billion parcels were delivered, which marks a 30.5% year-on-year increase. On October 18, China’s courier industry hit the 60 billion milestone and this year’s total delivery volume is expected to well surpass the 2019 figure of 63.5 billion parcels.
In the aftermath of mass promotions during China’s Singles’ Day shopping festival, 3 billion packages were delivered across the whole country between November 11 and 16.
Shanghai, Guangzhou and Shenzhen brought in the most revenue from the online delivery business.