It will help SMEs accelerate the growth of e-commerce in the country and contribute positively to the GDP, says Syed Md Najib
POS Malaysia Bhd has entered into a collaboration with STO Express International Co Ltd, a China-based express business leader to jointly explore crossborder cooperation.
The cooperation will provide the businesses in the South-East Asia especially to the small and medium enterprises (SMEs) within the region, an end-to-end logistics platform with improved efficiency in international courier services at an affordable rate. This positions Malaysia as a gateway to the Asean region.
Pos Malaysia group CEO Syed Md Najib Syed Mohd Noor said both Pos Malaysia and STO Express International are leaders in the courier, express and parcel segment in their respective countries, so this tie-up will strengthen their positions through the exchange of best practices and technology in establishing an end-to-end logistics platform for SMEs, as well as individual consumers, thus providing a one-stop solution platform for international courier services.
“This will help SMEs accelerate the growth of e-commerce in the country and contribute positively to the GDP.
“Both parties will fully realise their common vision and goals in building a faster, stable, transparent, comprehensive and customised product and service offerings by cross leveraging their current infrastructures from logistics, warehousing and best practices in the South-East Asia. In time, the services will be offered to other countries including the US and Europe.
“This serves as a catalyst of business growth in the area of e-commerce and it will further propel SME businesses to expand in the South-East Asia market. In fact, it will be an excellent ground to promote Malaysian products into China and vice versa,” he said in a statement last Friday.
The project kick-off will include the integration of information technology system between both companies and the launch of the pilot delivery model plan by the middle of this month.
The next phase will be expanded into synergistic sharing of assets and new product development.
The aim is to provide SMEs and consumers with an enhanced customer experience through a seamless cross-border delivery services at an affordable price.
The memorandum of intent was penned by Syed Md Najib and STO Express International CEO Danny Liu. Pos Malaysia chairman Datuk Yasmin Mahmood and STO Express International chairman Zhu Qun witnessed the event.
STO Express International is part of the STO Express Group, a China-based courier giant which is headquartered in Shanghai, China. Established in 1993, STO Express operates in more than 50 countries with over 300,000 employees, recording 17 billion yuan (RM10.2 billion) in revenue in 2018, having handled 5.1 billion parcels.