(Yicai Global) July 19 --  The share price of Yunda Holding, one of China's major express delivery  providers, has risen as high as 7.4 percent intraday today, after the  company announced rapid revenue growth in June.

At 1.30 p.m., Yunda's stock price [SHE: 002120] climbed 4.7 percent to CNY33.40 (USD4.90).

Last month, Yunda's revenue more than doubled from the previous year to CNY2.8 billion (USD407.2 million) as the company started collecting service fees from its franchising partners,  the Shanghai-based firm announced yesterday. It delivered 890 million  parcels, rising over 50 percent. China's expanding e-commerce sector is  also one reason behind the growth. 

Editor: Emmi Laine