Marking a New Journey in Cross-border E-commerce Logistics, Singapore Post Announces Strategic Collaboration with Baoyun Network
Date：2024-03-13
Shenzhen, China, September 13, 2023 – Singapore Post, the leading postal and e-commerce logistics provider in the Asia-Pacific region, showcased at the China (Shenzhen) Cross-border E-commerce Exhibition (CCBEC 2023). During the event, Singapore Post officially signed a strategic collaboration agreement with Baoyun Network, a one-stop intelligent cross-border logistics service platform. Both parties will work together to integrate their respective advantages and engage in in-depth cooperation in the field of international cross-border e-commerce logistics. The aim is to achieve mutual benefits and a win-win situation, and to jointly promote the high-quality development of the global cross-border e-commerce platform ecosystem.
The collaboration between Singapore Post and Baoyun Network is aimed at leveraging Singapore Post’s global advantage, comprehensive network coverage in the Americas, Europe, the Middle East, and Asia-Pacific, to provide Baoyun Network with comprehensive logistics solutions in Europe, the United States, the Middle East, and other regions. These solutions include logistics transportation, customs clearance, last-mile delivery, and more, to ensure that goods can be delivered quickly and safely to consumers.
With the continuous expansion of China’s cross-border e-commerce market, the international logistics industry is experiencing significant growth. According to a report released by the General Administration of Customs, in 2022, the scale of China’s cross-border e-commerce imports and exports exceeded 2 trillion yuan for the first time, growing by 7.1% compared to 2021. The proportion of cross-border e-commerce imports and exports in foreign trade has increased from less than 1% five years ago to 4.9%. Globally, according to a study report by the World Trade Organization, the global B2C cross-border e-commerce market is expected to maintain an astonishing growth rate of 27% by 2026, with broad development prospects.
Yu Li, CEO of Singapore Post International, said, “China is the world’s largest e-commerce market and plays a vital role in international trade. Singapore Post attaches great importance to the Chinese market and is committed to providing fast, reliable, and cost-effective cross-border e-commerce logistics services to Chinese consumers. We look forward to advancing together with Baoyun Network, leveraging Baoyun Network’s rich experience in cross-border logistics services, to jointly provide customers with efficient and rapid comprehensive solutions, boosting the efficient and sustainable development of cross-border e-commerce logistics.”
Zhang Qingxu, Chairman of Baoyun Network Group, said, “Since its inception, Baoyun Network has always been dedicated to enhancing social logistics efficiency through technological innovation. Singapore Post possesses advanced logistics systems and a comprehensive logistics network, capable of providing seamless and efficient cross-border logistics solutions and transportation services. We look forward to establishing a reliable and in-depth cooperative relationship with Singapore Post, jointly providing high-quality cross-border logistics solutions and products to customers.”
In order to further expand the Chinese market, Singapore Post plans to establish a wholly-owned foreign enterprise in Shenzhen in November this year. By establishing a “dual hub” pattern of Shenzhen and Hong Kong, Singapore Post will safeguard the cross-border e-commerce business of foreign trade enterprises.
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2024-03-13
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