"President, here is Cloud Speed Express's social security contribution data. They have 14,735 employees on staff. In addition to the full social security and housing fund package, they also provide commercial medical insurance."
At the Postal Association headquarters, the secretary handed the document to the president.
"Cloud Speed's labor costs must be over 100 million a month. How long do you think they can last?"
Zheng Shengyu looked at his secretary and asked with a smile.
"Cloud Speed has Senlian Capital backing it, so lasting a few years won't be a problem. Besides, it's expanding rapidly. Once it achieves economies of scale, it can keep the business running even if the price per parcel drops by another 0.5 yuan."
The secretary replied with a smile.
"It's good to let them fight it out. The private express delivery industry doesn't need so many players, especially not companies that refuse to pay social security for their employees."
