FedEx Express (FedEx), which currently serves 190 cities in China, plans to increase its services to cover 100 additional cities within the next five years.
FedEx Asia Pacific Division president David Cunningham said the company, which served the mainland market through its three gateways - Shenzhen, Shanghai and Beijing, expected the country to post strong growth in the near future.
'In November, FedEx established a joint venture with Chinese company Da Tian - rated by IATA in 1997 as one of the top five mainland freight forwarders - to help the company enter the local market,' he said.
He added that FedEx was bullish about the growth of the business-to-business (B2B) market.
Statistics show that B2B made up 85-90 per cent of the global e- commerce market last year.
Mr Cunningham said its fourth quarter results (March-May 2000) showed Asia had grown by 29 per cent on a year-on-year basis.
Rajesh Subramaniam, vice-president of e-commerce and customer service, marketing and communications, FedEx Asia Pacific division, said FedEx was ahead of its competitors in the e- business race with its express network and transportation system, distribution centre network, and information system.