amazon-ocean-freight

Here’s what you should know before wrapping up your day.

1. Amazon adds ocean freight to its endless list of services

Amazon has begun shipping products from Chinese merchant partners to its U.S. warehouses via ocean freighters. This is something it used to outsource exclusively, and now it is becoming something Amazon will have direct control of.

Owning more of its logistics business is a key way for Amazon to help control costs, especially as its business continues to scale.

Read the rest of the story here.

 

2. Berrybenka gets eight digit funding

Indonesian fashion ecommerce platform Berrybenka today announced that they have raised an “eight digit” US dollar new investment.

The startup stated that the investment has been secured since Q4 2016. Previously, Berrybenka had raised a US$5 million Series B round in 2013.

Read the rest of the story here.

 

3. Tianjin ASEAN center promotes cross-border ecommerce links

China Machinery Engineering Corp will expand its cross-border ecommerce service, following its recent cooperation agreement with Southeast Asia online marketplace Greenmart.

“China is way more developed in the e-commerce market than Southeast Asia. We hope we can lend a hand by forming this cooperation and thus bringing out a win-win situation,” said Zhang Yu, chairman of the center.

Read the rest of the story here.

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