Pantos Logistics Signs MOU with Chinese e-Commerce Logistics Company 4PX
With the aim of making forays into the global e-Commerce logistics market through joint marketing and realizing synergy.
SEOUL, South Korea - Pantos Logistics reported on April 15 that it signed a memorandum of understanding (MOU) with Chinese e-Commerce logistics company 4PX in an effort to expand its international e-Commerce logistics business.
As a China-based logistics company wherein Singapore Post Limited (SGX) holds a 40% equity share, 4PX is said to be a leading e-Commerce logistics company in China. It serves as logistics partner to large-sized e-Commerce companies like eBay, Amazon, and Alibaba.
Under the MOU, the two companies will build their competitiveness in handling e-Commerce-related cargo through the development of new transportation routes linking the two countries and do their best for joint marketing to attract cargo containing goods purchased by Koreans from major Chinese shopping malls like AliExpress through overseas direct purchase.
Pantos Logistics also plans to expand its logistics destinations including Europe and US by utilizing the joint overseas network of the two companies and strengthen its 3PL business geared toward e-Commerce companies worldwide through its overseas logistics centers.