Courier firm facing probe over bogus prize offers

The State Post Bureau has launched an investigation into Yunda Express over significant safety management loopholes that allowed fraudulent promotional materials to infiltrate its delivery system, leading to substantial financial losses for victims.

The probe follows reports that some franchisees of Yunda Express, a Shanghai-based courier company, used its services to distribute scam-related promotional materials.

In response, Yunda Express issued a statement on Thursday on the Shenzhen Stock Exchange's website, pledging to cooperate with regulators. The company said it had formed a special task force to conduct an internal investigation and vowed to strengthen oversight of its franchise operations. It also plans to enhance inspection procedures, intensify franchisee training and improve its ability to detect scam-related parcels.