Partnerships with Chinese e-retailers helped drive 21% growth in Latvian Post’s total revenue in 2017, with parcels revenue increasing almost 400% year on year.

China accounted for more than a fifth of the operator’s revenue for 2017, up from 6% in the prior year. Latvian Post is partnered with Alibaba, among other e-retailers, to provide transit service from China to Europe. However, the operator’s domestic revenue fell, with declining demand for financial and express services reported for 2017. For more details, download the IPC Carrier Intelligence Report for Latvian Post.

                                                   

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