China Post Group, China’s state owned postal service provider and Lazada Group have entered a strategic agreement to enhance cross-border logistics solutions for Chinese sellers on the ecommerce platform, reports Yahoo Finance.
The collaboration will simplify the cross-border processes for Chinese sellers who want to expand their consumer market to the Southeast Asian region.
By specifically targeting Chinese sellers who wish to deliver lighter parcels, this partnership could trim down certain logistics costs for smaller merchants on Lazada and simplify the cross-border delivery process.
The partnership will also see the two companies collaborating on enhancing current delivery options for merchants selling small and light items. The companies hope to develop financial solutions such as micro-credit loans and online payment options for logistics fees.
Both China Post Group and Lazada have also expressed an interest in collaborating to find cross-border warehousing solutions, providing logistics training and seller-on boarding in the long term.
As Lazada looks to attract more brands and online merchants in the Southeast Asian region to bring a wider product assortment to consumers, China Post’s extensive network in the region will enhance the cross border partnership.
A version of this appeared in Yahoo Finance on July 12. Read the full version here.