SingPost invests in HK e-commerce logistics

Singapore Post Limited (SingPost) has made two investments in Hong Kong to strengthen its e-commerce logistics presence in Hong Kong and establish an integrated ecosystem for parcel deliveries across multiple channels.


Singapore Post Limited (SingPost) has made two investments in Hong Kong to strengthen its e-commerce logistics presence in Hong Kong and establish an integrated ecosystem for parcel deliveries across multiple channels.

The first is the acquisition of a 33 per cent equity stake in Morning Express & Logistics Limited (ME) for HKD39.6 million (US$5.1 million). This equity in ME provide s SingPost with tangible e-commerce logistics and lastmile delivery capability in Hong Kong, according to SingPost.

In another transaction, SingPost has subscribed for a 50 per cent stake in E Link Station Limited (ELink) for HKD8.0 million. ELink augments SingPost’s service offering in Hong Kong with a rapidly expanding network of self-collection parcel service points.

SingPost made both transactions through its subsidiary Quantium Solutions Holdings Pte. Ltd. Wolfgang Baier, SingPost Group CEO said: “Hong Kong, being a gateway to China, is a priority market for SingPost and a node in our pan-Asian network through which we serve our customers and partners. Morning Express gives us a strong last-mile and parcels capability in Hong Kong and extends our e-commerce value chain there, adding on to our warehousing, freight forwarding and front-end e-commerce.”