China Express Delivery Volume Grows 5.2% in First Five Months, Up 9.5% in May; Institutions Eye Attractive Valuations for Sector Leaders

According to Zhitong Finance, China's express delivery volume from January to May reached 828.7 billion pieces, up 5.2% year-on-year, with business revenue reaching 635.37 billion yuan, up 7.2%. In May alone, volume hit 183 billion pieces with a 9.5% surge in revenue to 137.44 billion yuan.

International and cross-strait express services grew 7.4% to 17.8 billion pieces during the period. China Securities reports that express delivery profit growth in Q2 2026 is accelerating, with institutions viewing sector leaders' valuations as increasingly attractive amid pricing rationalization and technology-driven competitive differentiation powered by AI applications.