FedEx slashing prices for market ignites panic among domestic players (People’s Daily)

“FedEx China is losing money to grab market shares by lowering its prices of domestic express service in China by more than 70 percent in a year to the level set by domestic private companies,” Chen Ping, former president of the ZJS Express Co., a private express company in China, told Xinhua. Chen is among many executives of China’s private express companies grumbling over the foreign rival’s …

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