Nation Multimedia — Chinese e-commerce giant Alibaba Group Holding is investing about S$279 million (Bt7 billion) to expand its holdings in Singapore Post (SingPost) and take a share of its subsidiary, aimed at boosting growth in their e-commerce logistics platform across the Asia Pacific, the two companies announced last week.
Times of India — NEW DELHI: The Postal Department’s strategy to focus on fast growing e-commerce segment has bore fruits as it saw a significant 37% jump in parcel revenues in the past year. The increase in parcel revenues is in stark contrast to 2% decline in 2013-14, an official of the communications and IT ministry said. With dwindling letter or document traffic, the department is focusing on the fast-growing parcel segment, the official said, adding that various measures have been taken to modernize the department under the Digital India initiative.
Want China Times — Alibaba announced on July 8 an additional investment of 187 million Singaporean dollars (US$138 million) in Singapore Post, raising its stake to 14.51% from the 10.23% it acquired one year ago. It also obtained a 34% stake in Quantium Solutions, a logistics firm under the auspices of Singapore Post, for 92 million Singaporean dollars (US$67.85 million), according to caixin.com.
ZDNet — China’s Alibaba Group is increasing its stake and investments in Singapore Post (SingPost), pumping in US$206.45 million to drive the development of e-commerce infrastructure and services in the region. The Chinese e-commerce giant will invest an estimated S$92 million (US$67.85 million) for a 34 percent stake in SingPost-subsidiary Quantium Solutions International (QSI), which provides e-commerce logistics and fulfilment services including warehousing in the Asia-Pacific region.
Incheon Metropolitan City said Monday that it is in talks with China’s Alibaba Group to build a logistics center in the Incheon Free Economic Zone (IEFZ). “The city is in discussions with Alibaba to attract a sizable investment in the city. This project will help us cut our snowballing deficit,” a spokesman at the metropolitan city said. He said most of the investment will come from the Chinese company, with the city offering a huge tax benefit, administrative support and the rights to use needed properties almost free for the building.
Reseller and service provider, Cloud Solutions Group, has overhauled logistics conglomerate Hellman’s entire Australian server environment with a Nutanix Virtual Computing platform. According to a company statement, the decision to replace its traditional data centre blade servers and storage area network (SAN) infrastructure was taken after an extensive analysis of the cyclical costs of upgrading the infrastructure and evaluating the benefits that web-scale converged infrastructure would bring.
Menlo Logistics (Menlo), the US$1.6 billion global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced a new partnership with Starbucks Corp. to provide logistics management services for the global coffee company’s growing operations in Thailand. Specifically, Menlo will provide warehousing, inventory and transportation management services for Starbucks’ chilled, frozen, air-conditioned and ambient products from a new 7,635-square-meter dedicated warehouse located at Bangna Km.23 in Bangkok.