SingPost, Alibaba expand e-commerce logistics coop

Singapore Post and Alibaba Group Holding have announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading ecommerce logistics platform to service the rapidly growing ecommerce businesses across Asia Pacific and beyond.


Singapore Post and Alibaba Group Holding have announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading ecommerce logistics platform to service the rapidly growing ecommerce businesses across Asia Pacific and beyond.

Lim Ho Kee, chairman of SingPost, said: “The pace of transformation at SingPost has been accelerating steadily. As a postal service provider, we are on a burning platform, facing a global decline in mail revenue with trends like e-substitution and lifestyle changes. It is a win-win situation for both of us because we share similar goals and have a natural fit between our operations across Asia.”

Alibaba will invest up to approximately S$92 million (US$67.85 million) in QSI for a 34 per cent stake in Quantium Solutions International (QSI), SingPost will hold the remaining 66 per cent of the equity of QSI. QSI is currently a wholly owned subsidiary of SingPost providing leading end-toend ecommerce logistics and fulfillment services across the Asia-Pacific region. Its network spans more than 10 countries and the company offers customers ecommerce logistics solutions and warehousing across Asia Pacific.