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Singapore Post And Alibaba Group To Expand E-Commerce Logistics Cooperation
Daily Bulletin | 09 July 2015
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Singapore Post and Alibaba Group Holding announced three new initiatives for collaboration and growth following the signing of a joint venture agreement.

Under the first initiative, Alibaba will invest approximately $92 million for a 34 percent stake in Quantium Solutions International (QSI), currently a wholly-owned subsidiary of Singapore Post providing end-to-end e-commerce logistics and fulfilment services across the Asia Pacific region.

Under the second initiative, Alibaba will purchase 107.6m new shares amounting to 5 percent of the existing share capital of Singapore Post for $187.1 million, increasing its interest in the group from 10.2 percent to 14.5 percent.

The third initiative involves a joint strategic business development framework between the two groups to further improve efficiency and integration of e-commerce logistics solutions.

Singapore Post  0.940 -0.005 -0.53%   
Business: [FY19 Turnover] Post and Parcel (47.8%), logistics (31%), eCommerce (15.5%), property (5.7%).

Insight: May-19, FY19 revenue rose 2.9% to $1.6b largely du... Read More

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