April 29, 2017 2:39 AM ET

Air Freight and Logistics

Company Overview of China Post Group Corporation

Company Overview

China Post Group Corporation, together with its subsidiaries, provides postal services. Its services include domestic and international mail delivery; circulation of newspapers, journals, and books; production and sale of philatelic collections; and stamp issuing, postal remittance, confidential correspondence communication, postal financial, postal express delivery and logistics, e-business, postal agency, and others. The company also provides online services, such as direct mail design, purchase of targeted mail lists, and direct mail processing and delivery; newspaper and magazine subscriptions; home packages; package bookings; and an online greetings card delivery and self-designed perso...

No.3 Financial Street

Xicheng District

Beijing,  100808

China

Founded in 2006

Phone:

86 25 8363 1808

Fax:

86 10 6885 9674

Key Executives for China Post Group Corporation

President
Age: 56
General Manager
Vice President
Vice President
Vice President
Compensation as of Fiscal Year 2016.

China Post Group Corporation Key Developments

China Post Group Corporation Reports Unaudited Earnings Results for the Nine Months Ended September 30, 2016

China Post Group Corporation reported unaudited earnings results for the nine months ended September 30, 2016. For the period, the company reported total operating income of RMB 257,005,960,000. Total profit was RMB 45,096,830,000 and net profit was RMB 40,970,710,000. Average rate of return on net assets was 11.01%.

China Post Group and Lazada Group Ink Strategic Agreement to Enhance Cross-Border Logistics Solutions

China Post Group and Lazada Group have signed a strategic agreement to enhance cross-border logistics solutions for Chinese sellers on the Lazada platform. The areas of collaboration include enhancing current delivery options for merchants selling small and light items, and developing financial solutions such as micro-credit loans and online payment options for logistics fees. Both organizations have also expressed interest to collaborate with cross-border warehousing solutions, logistics-related education and training, and seller on-boarding in the longer term.

PSBC Stake May Reportedly Be Sold Before IPO

Stake in China Post Group Corporation’s unit, Postal Savings Bank of China Corporation Limited (PSBC) may be sold. People close to the matter indicated that the potential sale of a 15% stake mainly to foreign investors ahead of a planned up to $20 billion IPO in Hong Kong in 2016 is likely to close soon. They also indicated that the stake is worth $8 billion. People close to the matter, seeking anonymity, said, “You will always find demand for these types of deals. Chinese financials are such an important part of the economy and the stock market.” Citing unnamed sources, Thomson Reuters publication IFR had reported that UBS Group AG (SWX:UBSG); had put up $2 billion for the stake sale and placed some of the shares with buyers including Hong Kong tycoons. Other investors in the group included Temasek Holdings (Private) Limited, JPMorgan Chase & Co. (NYSE:JPM), and The World Bank Group’s International Finance Corporation (IFC), IFR added. According to the news report, UBS, Temasek and JPMorgan, declined to comment while IFC did not immediately respond for comment. It was not immediately possible to contact the relevant PSBC officials, it further added.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 17, 2016
Hangzhou Kuaizhi Technology Co., Ltd.
 

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