Deutsche Post AG plans to expand its overseas parcel delivery services in Asia as the demand for mail services in Germany is expected to decline.
The postal and transport services firm expects to invest more than $700 million in Japan and China through its affiliate DHL International Ltd to develop a contribution network in the region, according to news reports.
An 18,000 square-meter distribution center has been established in Tokyo to operate as the business base in the Asia-Pacific area.
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