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Bloomberg
Chinese courier company SF Holding Co. says it’s won a license to operate drones, opening up a new potential frontier for package delivery in the world’s second-largest economy.
SF, the nation’s largest listed courier provider by market value, said that one of its units was granted China’s first ever drone operation license and that the firm was now legally able to operate logistics drones. Phone calls to the Civil Aviation Administration of China weren’t answered, when SF’s stock jumped more than 5 percent.
Package delivery is key in the world’s biggest consumer market, where the rise of e-commerce and mobile payments has shifted shopping for everything from groceries to factory parts online. More than 40 billion parcels were shipped around China in 2017and volumes are expected to reach 49 billion parcels this year, according to the State Post Bureau, China’s delivery-industry watchdog.