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| Source: Singpost. |
Singapore Post, a postal and e-commerce logistics provider in Asia Pacific, has purchased an additional 17.91% of the equity in Shenzhen 4PX Information Technology Co. (4PX) for RMB163.16 million (about S$36 million) through its wholly-owned subsidiary Quantium Solutions International (QSI).
QSI has increased its equity interest in 4PX from 18% to 35.91% through the purchase of vendor shares and new shares.
Headquartered in Shenzhen, China, 4PX is one of China’s top e-commerce cross-border solutions providers, serving more than 20,000 merchants in more than 50 locations in China and globally. The capabilities that 4PX offers its customers include logistics (warehousing, express delivery and freight forwarding) as well as software and consulting services for e-commerce sellers. The company has more than 2,600 employees and operates warehouses in China, Australia, UK, Germany and the US.
Goh Hui Ling, Deputy CEO (International Mail) of SingPost, said: “The additional investment in 4PX, with its extensive logistics capabilities in warehousing, express delivery and freight forwarding, is a key part of SingPost’s strategy to strengthen our integrated end-to-end e-commerce logistics solutions and to leverage on the rapid growth in China’s e-commerce activities.”
Kevin Li, Founder and Chairman of 4PX, added: “SingPost’s additional investment in 4PX will help 4PX to enhance its overseas operations. It will also provide China cross-border e-commerce merchants and consumers with better e-commerce logistics solutions and services, as well as propel 4PX to become the market leader in China cross-border e-commerce.”
Headquartered in Shenzhen, China, 4PX is one of China’s top e-commerce cross-border solutions providers, serving more than 20,000 merchants in more than 50 locations in China and globally. The capabilities that 4PX offers its customers include logistics (warehousing, express delivery and freight forwarding) as well as software and consulting services for e-commerce sellers. The company has more than 2,600 employees and operates warehouses in China, Australia, UK, Germany and the US.
Goh Hui Ling, Deputy CEO (International Mail) of SingPost, said: “The additional investment in 4PX, with its extensive logistics capabilities in warehousing, express delivery and freight forwarding, is a key part of SingPost’s strategy to strengthen our integrated end-to-end e-commerce logistics solutions and to leverage on the rapid growth in China’s e-commerce activities.”
Kevin Li, Founder and Chairman of 4PX, added: “SingPost’s additional investment in 4PX will help 4PX to enhance its overseas operations. It will also provide China cross-border e-commerce merchants and consumers with better e-commerce logistics solutions and services, as well as propel 4PX to become the market leader in China cross-border e-commerce.”
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