Chinese consumer electronics distributor China 3C Group has signed a definitive agreement to acquire 100% of Jinhua Baofa Logistic Ltd., a logistic company in eastern China, through its subsidiaries Zhejiang Yong Xin Digital Technology Co., Ltd. and Yiwu Yong Xin Communication.

After the opening of retail stores of UPS and FedEx in China, DHL Sinotrans, DHL's joint venture in China, has announced that it has opened its first China retail flagship store in Shanghai, marking the company's first step in retail network expansion in China.

Rotoblock has agreed to acquire controlling interest in Hikom Gottell Corporation for US$25 million.

Ken Torok, who for the past five years has guided UPS's Asia Pacific operations, will retire this spring and be replaced by Derek Woodward, a long-time UPS manager who currently works as one of Torok's top deputies.

FedEx Express announced the expansion of its customer portfolio of services with the launch of FedEx International Economy service in ten Asia Pacific markets.