leverage each other’s strengths and experience to create a platform for international e- commerce logistics business, giving priority to SingPost Group’s logistics services based on commercial terms. It aims to, amongst other things, (a) achieve full regional value chain of e- commerce logistics including warehousing, last mile delivery, linehaul, customs clearance, parcel collection, consolidation and order fulfillment, (b) provide Alibaba Group access to SingPost Group’s international logistics capabilities, infrastructure, and delivery networks including potential regional roll-out of POPStations, (c) offer end-to-end solutions to the customers and merchants of Alibaba Group, (d) allow SingPost Group’s operations to benefit from Alibaba Group’s expertise in e-commerce and business volumes and (e) allow Alibaba Group and SingPost Group to leverage on each other’s strong brands. Over the next few months, SingPost Group and Alibaba Group will also continue discussions on the formalisation of a joint venture (JV) in respect of the business of international e-commerce logistics.
TZL Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
