International Finance
FeaturedLogistics

China’s BEST launches cross-border logistics services with Malaysia

BEST Malaysia_IFM_Image
The services are launched in partnership with Cainiao Smart Logistics Network

Leading Chinese smart supply chain solutions and logistics services company BEST has launched end-to-end cross-border logistics services with Malaysia, the media reported.

To launch the new services, BEST has partnered with Cainiao Smart Logistics Network, the logistics arm of Chinese ecommerce giant Alibaba.

This latest move is expected to help BEST expand its footprint in Southeast Asia.

Johnny Chou, chairman and chief executive officer, BEST told the media, “The China-Malaysia ecommerce logistics service is a great example of how BEST leverages technology and innovation in order to empower our business partners and enrich the lives of consumers, with efficient delivery services. Southeast Asia has been a key focus area of BEST’s global strategy. Through investment in automation, information technology and logistics networks, we have developed express delivery networks in five markets in the region, providing customers with speedy, reliable, and cost-efficient services, while facilitating the growth of local SMEs and cross-border ecommerce.”

The newly launched logistics services between China and Malaysia will cover customs clearance, sea freight forwarding, overseas warehousing and last-mile delivery.

The company has launched its express delivery services in Malaysia, Singapore, Thailand, Vietnam and Cambodia.

For Malaysia and Singapore in particular, BEST has established air freight services which helps to bring down cross-border delivery time period to as short as four days.

BEST delivered 25 million parcels in Southeast Asia during the first half of 2020.

Recently, Alibaba’s logistic arm Cainiao partnered with BEST to expand its last mile delivery network in Singapore. The newly expanded network will comprise over 1,600 collection points, 600 couriers and 500 lockers island-wide.

What's New

China mandates banks for USD 2 billion bond issuance in Saudi Arabia

IFM Correspondent

UAE’s automotive aftermarket to hit USD 1.9 billion by 2028: Report

IFM Correspondent

Should you stay or go after selling your business?

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.