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42 stories in this topic
CapitaLand, through its wholly owned shopping-mall business CapitaLand Mall Asia, has signed its first third-party shopping centre-management contract in Singapore to run the new SingPost Centre. Described as a world-first, Singapore Post is currently…
Chinese eCommerce giant Alibaba Group has been given the go-ahead by Singapore’s stock exchange (SGX) to raise its stake in Singapore Post (SingPost). Alibaba Investment, a subsidiary of Alibaba Group Holding, has received in-principle approval from the…
Singapore Post subsidiary SP eCommerce has worked with lingerie brand Triumph to launch two optimised online stores, for Singapore and Malaysia. The online stores have been redesigned and enhanced in areas such as product categorisation and recommendation to…
Singapore Post Limited’s (SingPost) eCommerce logistics collaboration with Alibaba Group Holding Limited (Alibaba) was strengthened as Alibaba’s S$86.2 million investment in SingPost’s logistics subsidiary Quantium Solutions International (QSI) was completed,…
Singapore Post Limited (“SingPost”) announced the launch of its Regional eCommerce Logistics Hub (“eComm Log Hub”) located at the Tampines Logistics Park. The S$182 million facility is SingPost’s largest eCommerce logistics investment in Singapore to date.…
Footwear and apparel brand Timberland Asia has partnered SP eCommerce, a Singapore Post company, to launch its official eCommerce store for the Southeast Asian region. The Singapore-based online store uses SP eCommerce’s security, management, digital…
Singapore Post Limited (SingPost) introduced Singapore’s first islandwide open parcel locker service: Rent-a-POP, an exciting new service for POPStation. Retailers and consumers can now rent a POPStation locker to deliver their parcels conveniently 24/7. The…
Southeast Asia eCommerce revenues are projected to exceed US$25 billion by 2020, according to new research by growth partnership company Frost & Sullivan. Despite acquisitions, market exits and many online retailers struggling to achieve profitability, the…
Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international…
SingPost eCommerce delivered soaring sales growth – and expenses – in the last quarter. Revenue in the three months to June 30 grew a robust 30.9 per cent to S$333.4 million, buoyed by continued expansion of cross-border eCommerce-related activities, and the…
Singapore Post Limited is a postal and logistics services company. Its business is currently organised into three major segments: Mail, Logistics, and Retail & eCommerce. Here are three things about the company investors may want to know: 1. Latest results…
LF Logistics has opened a 1-million-square-foot logistics facility in Singapore, the largest automated and customs bonded distribution warehouse in the city state that will target surging e-commerce growth in Asia. The nine-story center is located in West…
Despite signs of a slowdown of imports into China, Singapore Post (SingPost) remains bullish on the prospects for e-commerce flows into Asia’s largest economy. The postal agency has upped its stake in Shenzhen-based e-commerce provider 4PX Information…
Singapore Post (SingPost) has sold off part of its stake in GD Express (GDEX) for S$78.4 million (US$55.88 million) and will use the proceeds to drive global growth for its eCommerce logistics. This is a net gain of S$64 million – about five times return on…
Here’s how bad it is in Southeast Asia’s retail industry for sellers. They are paying more to borrow money to keep their business going than consumers do to keep buying from them. Courts Asia Ltd., which offers shoppers zero percent long-term credit on…
It plans to further widen its US logistics footprint. The Postman is putting its eCommerce business on laser focus as it integrates its logistics limbs TradeGlobal and Jagged Peak to further expand its eCommerce logistics footprint in the US, the largest…
