China: top logistics companies 2023| ��ƽ��

Leading 15 logistics companies in China in 2024, based on revenue in 2023 (in billion yuan)

Characteristic	Logistics business income in billion yuan
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Release date

July 2024

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Region

China

Survey time period

2023

Supplementary notes

The figures shown are the revenues of each company in 2023.
Note: One yuan equals approximately 0.14 U.S. dollars or 0.13 euros (as of March 2025).
* Beijing Jingbangda Technology Co., Ltd. is the consolidation of , and .
Figures have been rounded.

Citation formats

China COSCO Shipping Cor., Ltd. was the top-ranked logistics company in China, with an annual revenue of almost * yuan from its logistics division in 2023. In that year, COSCO's income in logistics was ** percent higher than that of Xiamen Xiangyu Group Co., Ltd., which ranked second in China.

Chinese logistics market

In recent years, China has been transforming its logistics industry from labor-intensive to technology-intensive and upgrading from traditional mode to smart logistics. The total value of the logistics market in China surpassed ** yuan in 2024, which was related to the rapid growth of the online retail business. National logistics costs have been growing accordingly, but their share in GDP has been slightly decreasing, at about **** percent in 2024.

Express delivery in China

Amid the rising influence of online shopping in China, the express delivery segment has become the new highlight of the country's postal industry. China's parcel volume has grown eighteen-fold over the past decade, reaching more than * pieces in 2023. About ** percent of the demand was provided by inter-city couriers.  