STO Express Stops Delivering to 360Buy Sorting Centers

BiaNews, 10/15/12

Beijing-based B2C e-commerce platform 360Buy confirmed today that it has been informed by Chinese delivery and logistics company STO Express (002468.SZ) that STO will no longer deliver 360Buy merchant goods to 360Buy sorting centers. According to some 360Buy merchants, Chinese courier firm S.F Express has also stopped delivering to 360Buy sorting centers in some areas.

STO is said to have stopped deliveries to 360Buy sorting centers because of 360Buy's perceived growth as a competitor in the courier industry. S.F. Express has stated that it is scaling back sorting center deliveries due to too much time being wasted waiting in line to deliver goods at the centers.

Editor's Note: Many 360Buy third-party merchant goods are first sent to 360Buy sorting centers before being delivered around the country.

Keywords: e-commerce Internet B2C 360buy S.F. Express STO Express logistics 002468.SZ

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