Asia News Jul 03

Logistics giant BEST expands into Southeast Asia

Chinese company adds Malaysia, Cambodia and Singapore to its investment destinations

Logistics giant BEST expands into Southeast Asia
BEST drivers: One of the Chinese logistics premises in Thailand. Photo: BEST Inc.  

(ATF) BEST Inc, a leading supply-chain service provider headquartered in eastern China's Zhejiang Province, announced on Thursday that it has launched logistics services in Malaysia, Cambodia and Singapore.

The company plans to build 400 express delivery stations and 12 trans-shipment centres in the three countries over the next three years.

BEST Inc has established a logistics network in five Southeast Asian countries so far – which also include Thailand and Vietnam – and expects to enter the markets in Indonesia and the Philippines in the near future.

The trans-shipment centres in Kuala Lumpur and Phnom Penh will be equipped with automation devices to ensure highly efficient sorting, weighing, and scanning procedures, according to the company.

BEST Inc expects to have an increasing number of local consumers in Southeast Asian countries to experience the same convenience of fast delivery services as in China, said Zhou Shaoning, chairman and CEO of BEST Inc.

According to research results released by the Development & Research Center of the State Post Bureau, Southeast Asian countries have become the most popular investment destinations for Chinese logistics companies.

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