Cosco Shipping expands its presence in digital logistics

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Cosco Shipping Supply Chain is setting up joint venture with Chinese digital payment service provider, Lianlian Digital Technology, and Hangzhou P&T Logistics Technology, to promote cross-border digital logistics services.

This newly established Zhejiang Zhongpulian Technology is a significant step for the three companies to jointly advance the digital application of cross-border logistics services.

All three parties will make joint efforts to develop a more specialized and comprehensive one-stop digital trade service platform for domestic and overseas markets, and help medium and small cross-border enterprises to reduce trade costs and improve the efficiency of international trade.

As the integrated global supply chain service platform of Cosco Shipping Group, the supply chain company aims to build a leading player in the digital supply chain industry to develop China’s B2B logistics market and provide modern logistics solutions for domestic and international customers offer abroad, Cosco Shipping Supply Chain said.

LianLian DigiTech is a leading payments technology company with a global portfolio of payments licenses that has built a digital technology ecosystem offering global payments and card clearing services across multiple industries.

Hangzhou P&T Logistics Technology is a unit of P&T (Hong Kong) Group, a regional port logistics investor in China.

Source: News Network

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