The State Post Bureau of China, the country's postal industry regulator, Monday granted 260 postal enterprises and e-commerce sites, including 360buy.com, a leading online retailer, with licenses to operate courier services in the domestic market.
Yet Vancl, another e-commerce giant which recently submitted an application to offer express delivery services, wasn't awarded a license with this batch of recipients.
Industry analysts say that major e-commerce enterprises have been investing in their own logistics networks across the country in order to scale back operating costs.