The finale of the Chinese Express Delivery Innovation and Entrepreneurship Competition is held in Tonglu county, Hangzhou, Zhejiang province on Nov 13. [Photo/People]

The finale of the Chinese Express Delivery Innovation and Entrepreneurship Competition was held in Tonglu county, Hangzhou, Zhejiang province on Nov 13.

Twenty projects chosen from among 152 candidates from Beijing, Shanghai, Guangzhou, Xi'an and other cities competed for the championship. 

The competition, hosted by the Party committee and government of Tonglu, focused on selecting outstanding projects in domestic express delivery. Participating projects involved many emerging sectors such as industrial internet and intelligent logistics.

Winners not only received a bonus, but were also granted the opportunity to receive elite training on Nov 14 and will be given subsidies and other benefits if they choose to set up shop in the county.  

A roundtable discussion was held after the competition. Several famous Chinese investors and asset managers shared their ideas about the current development trends in China's express delivery industry.