China's YTO Express unveils global expansion plan

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YTO Express, hitherto known as a Chinese express courier, is planning to go global, and to that end has set up a new international business headquarters in Hong Kong.  Its platform for overseas growth comes off the back of its acquisition of On Time Logistics last year. A YTO vice president said it was “nerve-racking” for a Chinese company to step into overseas markets, because of cultural and legal differences, which is why the On Time acquisition should help. YTO told ...