China's postal industry sees 14.4% revenue jump in first 11 months

BEIJING - China's postal industry has maintained robust expansion this year, with revenues and business volumes rising, data from the State Post Bureau showed Saturday.

The industry's revenues rose to 992.85 billion yuan ($151.8 billion) during the first 11 months, up 14.4 percent from a year ago.

In November alone, the industry raked in 113.23 billion yuan, up 15.9 percent year-on-year.

China's postal industry has been on the fast track in recent years as e-commerce activities continue to fuel the sector's growth.

Data also showed that courier companies handled 74.1 billion packages from January to November, soaring 30.5 percent year-on-year. Their revenues jumped 17 percent year-on-year to 786.92 billion yuan.

The courier service sector has been witnessing rapid business volume growth since February as it recovers from the COVID-19 epidemic.

Last month, Shanghai, Guangzhou and Shenzhen were the top three cities in terms of courier business revenue.