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| Friday, 1 April 2016, 08:00 HKT/SGT | |
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- Focusing on "Integration of Cross-border E-commerce Import Supply Chain" and "Greenland Direct Purchase"
- Building the Second Biggest Cross-border Bonded Public Warehouse in Shanghai |
HONG KONG, Apr 1, 2016 - (ACN Newswire) - Cross-border consumption in China is growing rapidly, while Shanghai has launched pilot scheme for cross-border e-commerce. With incentives both from market and policies, Greenland Holding Group Company Limited ("Greenland Holding" or "Greenland Group", stock code: 600606.SH) announced that it will enter cross-border e-commerce business. It has entered into a cooperation agreement with the government of Qingpu District in Shanghai to build the Greenland Qingpu Cross-border Trading Base in export processing zone in the region, upgrading its "Greenland Global Purchase" for "Big Consumption" sector.
Greenland Group will engage in the business of import supply chain services, aiming to develop a sizable national cross-border e-commerce platform for import supply chain and a demonstration zone of facilitating the development of cross-border e-commerce in Shanghai.
Through this platform, Greenland Group will largely increase the capability of its upstream direct purchase of foreign products, strengthening its overall retail business for imported goods. The platform will also become the first exemplary base of the Group's sell-operated business for imported goods, as well as the second largest cross-border bonded warehouse under the public warehouse service in Shanghai. In addition, it is the largest cross-border bonded warehouse in Qingpu District even the areas adjacent to the Jiangsu and Zhejiang.
Topic: Press release summary
Sectors: Real Estate & REIT, Daily News
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From the Asia Corporate News Network
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