Core Insights - The express delivery market in China has shown continuous growth in 2023, with a focus on enhancing service levels and promoting smart, green, and international development to support online consumption [1][3] Group 1: Market Growth and Performance - From January to August 2023, the total express delivery volume reached 128.2 billion pieces, marking a year-on-year increase of 17.8% [1] - The average daily express delivery volume in January and February was approximately 620 million pieces, surpassing the expected daily volume for the 2024 "Double 11" shopping festival [1] - The express delivery sector has effectively met the demands of live-streaming sales, holiday economies, and the recycling of consumer goods, thereby continuously stimulating online consumption [3] Group 2: E-commerce Integration - Over 80% of express delivery volume is derived from e-commerce, which has significantly transformed production and consumption habits, as well as the logistics landscape in China [4] - The online retail sales in China have surged from 258.6 billion yuan in 2009 to 15.5 trillion yuan in 2024, representing a 59-fold increase over 15 years [4] Group 3: Regional Performance - The express delivery business in western regions of China has shown remarkable growth, with provinces like Shaanxi and Ningxia experiencing increases exceeding 40%, while Guizhou, Xinjiang, Inner Mongolia, and Qinghai saw growth rates above 30% [8] Group 4: Cross-border E-commerce Expansion - Chinese companies are accelerating their overseas expansion in cross-border e-commerce, with nearly 300 overseas distribution centers and warehouses established this year [12][18] - The integration of cross-border e-commerce and international logistics is crucial for transforming trade methods and building a resilient international logistics supply chain [16] Group 5: Market Recognition and Demand - Major Chinese e-commerce platforms like Alibaba, AliExpress, Pinduoduo's Temu, and Shein have gained significant market share and recognition among international consumers [14] - The demand for unique and innovative products from Chinese companies has led to increased orders and price hikes, indicating a robust market response [10]

Core Insights - The express delivery market in China has been experiencing continuous growth in 2023, driven by the rise in online consumption and the industry's focus on enhancing service levels and promoting smart, green, and international development [1][2] Group 1: Market Performance - From January to August 2023, the total express delivery volume reached 128.2 billion pieces, marking a year-on-year increase of 17.8% [1] - The average daily express delivery volume during January and February was approximately 620 million pieces, surpassing the expected daily volume for the 2024 "Double 11" shopping festival [1] Group 2: E-commerce Influence - The sustained increase in express delivery volume is primarily attributed to the continuous growth of e-commerce, with online retail sales in China rising from 258.6 billion yuan in 2009 to 15.5 trillion yuan in 2024, a 59-fold increase over 15 years [3] - Over 80% of the express delivery volume currently comes from e-commerce, indicating a deep integration between the two sectors that is transforming production, lifestyle habits, and economic operations [5] Group 3: Regional Growth - The express delivery volume in western regions of China has shown remarkable growth, with provinces like Shaanxi and Ningxia experiencing increases of over 40%, and several others exceeding 30% [7] - The expansion of e-commerce has significantly broadened the sales radius, enhancing consumption's role in economic growth [7] Group 4: Cross-border Expansion - The cross-border e-commerce sector in China is accelerating its overseas expansion, with nearly 300 overseas distribution centers and warehouses established this year [11] - Logistics companies have opened 41 routes for China-Europe freight trains and maritime mail services, achieving delivery times of 2-3 days in markets across Europe, America, Asia, and the Middle East [11]