Wednesday, October 22, 2014
China Shipping and Alibaba create global shipping logistics platform
China Shipping Group and Alibaba have created a new logistics platform to increase the efficiency of global trade that will benefit both Chinese and Brazilian companies, according to industry experts.
According to the agreement, Alibaba will contribute its online operating team and promote the platform to its millions of customers, while China Shipping, will guarantee shipping space and related logistical services.
Alibaba, along with China Shipping Network Technology and China Shipping Container Lines, two arms of China Shipping Group, announced in the summer that the three companies would construct an integrated platform for international shipping.
The new joint company, named Yihaitong in Chinese, officially went online on Sept 18 and will oversee the operation of the e-shipping platform.
Customers can access the platform for online logistic price inquiries, ordering, settlements and goods tracking. It is the first Chinese e-shipping platform covering both land and sea transport, plus customs clearance.
For more of the China Daily story: usa.chinadaily.com.cn
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