Citigroup 2月 10日长篇，60页。
　　We believe post companies are pivotal—e-commerce has not been a panacea for all post companies.Failure to adapt infrastructure，productivity and capabilities to e-commerce has shaped the opportunity for private companies.In China private companies have supplanted China Post，the United States Postal Service（USPS）is largely a last mile provider and recent privatizations（e.g.RMG and Japan Post）have embarked on post privatization catch-up.Those，like DP DHL and PTNL，with the necessary technology，capacity and organization have prospered.