Blog for updates and happenings in logistics in the Asia-Pacific region

July 11, 2015

SingPost and Alibaba Group to Expand Ecommerce Logistics Cooperation

Filed under: Logistics,News,Newsletter — admin @ 11:09 am

  SingPost and Alibaba Group to enter into joint strategic business development framework to improve efficiency and integration in ecommerce logistics. They announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase ecommerce logistics collaboration in the future to build a leading ecommerce logistics platform to service the rapidly growing ecommerce businesses across Asia Pacific and beyond.

The three initiatives include:

  1. Alibaba will invest in Quantium Solutions International, a wholly owned subsidiary of SingPost providing leading end-to-end ecommerce logistics and fulfilment services across the Asia Pacific region;
  2. Alibaba will increase its existing shareholding in Singpost, subject to regulatory approval; and 
  3. SingPost and Alibaba have also entered into a joint strategic business development framework to further improve efficiency and integration of ecommerce logistics solutions. SingPost and Alibaba will share their respective knowledge and leverage each other’s strengths to scale across the ecommerce logistics value chain.

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