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CHINA-SINGLES DAY/LOGISTICS
RTS6DK9
10 Nov. 2015
Employees work at a JD.com logistic centre in Langfang,... more
CHINA-SINGLES DAY/LOGISTICS
RTS6DK9
10 Nov. 2015
LANGFANG, China
Employees work at a JD.com logistic centre in Langfang, Hebei province, November 10, 2015. On China's giant Singles Day internet shopping festival, the country's delivery firms are stretched so thin that they are looking for tie-ups, listings and new investors to husband their resources. E-commerce has been a huge boon to the logistics industry, but the ever-bigger Singles Day, run by leading online market company Alibaba Group Holding Ltd on Nov. 11 every year, exacerbates the industry's twin dilemmas of cut-throat competition and rising labor costs. With low barriers to entry, express couriers proliferated rapidly over the past decade to more than 8,000 firms, squeezing profit margins to about 5 percent, down from 30 percent 10 years ago, according to analysts. To match CHINA-SINGLES DAY/LOGISTICS REUTERS/Jason Lee
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