transcosmos Tie-up A Business And Capital Partnership With FineEX, China’s Major E-Commerce Fulfillment And Logistics Company
transcosmos Boosts The All-Inclusive one-stop EC Service for the Chinese Market
Tokyo, Japan (PRWEB) July 30, 2013
transcosmos inc. (Headquarters: Tokyo, Japan; President and COO: Masataka Okuda; TSE First Section: 9715; hereafter, transcosmos) has acquired 20% of the shares through third-party allotment and has agreed to form a business and capital partnership with FineEX – Shanghai Heze Logistics Co., Ltd. (Headquarters: Shanghai, China; CEO: Li Pingyi; hereafter, FineEX) as an equity- method affiliate.
transcosmos signed a strategic partnership agreement with Taobao, the largest Chinese EC company, in 2009 and its Chinese subsidiary Shanghai transcosmos Marketing Service Co., Ltd. (Head Office: Shanghai, China; Chairman, CEO & President: Eijiro Yamashita; hereafter, transcosmos CC China), has been offering EC support services such as research & analysis, EC website development/management, web promotion, customer service, and order management to the Chinese Market. Following this business and capital partnership, EC fulfillment (warehouse operations such as storage for EC sales products, order picking and packaging/shipping) and delivery agent operations will be handled by a group company, which allows transcosmos to further enhance comprehensive one-stop EC service in the Chinese market. Along this partnership, one additional Board of Directors member from transcosmos is scheduled to be sent to China.
FineEX owns delivery centers with a total working area of 44,000 square meters in Shanghai, Guangzhou, Hangzhou, and Beijing and handles a series of EC fulfillment operations from storage of EC products in the warehouse, inspections, inventory management, order picking, packing, sticker labeling, order processing, shipping, delivery arrangements, to return processing. In addition, the unified management system for order processing and distribution, independently developed by FineEX, is connected to China's major EC platforms, including China's largest EC platform Taobao Tmall (Taobao Group's B2C shopping mall), JD.com, Yihaodian, QQWangguo, etc., making it possible to connect to the corporate clients' EC-related systems. Furthermore, the delivery service is provided for over 2,866 cities, towns, and counties (Chinese administrative units), which nearly covers the entire region where Chinese EC users reside. Currently, orders to fulfillment to delivery agent operations are carried out on an average of 40,000 transactions per day and 150,000 transactions per day during the peak business season.
Mr. Masataka Okuda, the President and COO of transcosmos has commented about this business and capital partnership as the following:
"I am extremely pleased that we were able to form a business and capital partnership with FineEX for our E-Commerce business expansion in China. transcosmos has already been offering comprehensive support/service for China's EC market including research & analysis, EC website development & management, web promotion, customer service, order processing, etc., however through this partnership, by having a group company handle fulfillment, the range of our services have been further expanded. FineEX's system responds to various major EC platforms in China, and its delivery centers and distribution network cover most of China. I believe that transcosmos CC China, our Chinese subsidiary, will be able to provide a comprehensiveEC service to, needless to mention the Japanese customers, but to assist other global corporations from China, South Korea, Europe, and the Americas with their EC business development in China."
CEO of FineEX, Li Pingyi commented as follows:
"China is an enormous new consumer market, and its E-Commerce market has had 40% growth every year. In such an environment, a business & capital partnership between FineEX and transcosmos is a meaningful milestone. Through this partnership, in cooperation with transcosmos, FineEX will be able to explore EC business and be able to cover the service systems of the EC supply chain in the Western, Japanese, Korean, and Chinese regions, which are currently the most robust EC consumer markets in the world. FineEX feels that the partnership with transcomos is the new opportunity for development and movement of EC, and through supply chain operations' service systems, we would like to provide support for effective marketing and sales of the consumer products in the world's most active EC markets. We believe that FineEX and transcosmos are just about to explore a new era."
Company Name: Shanghai Heze Logistics Co., Ltd. (Abbreviation: FineEX)
Representative: CEO Li Pingyi
Headquarters Location: No. 3, 588 Ji Wen Lu, Baoshan, Shanghai, China
Number of Employees: Approximately 210
Number of Sites: 4 (Shanghai, Guangzhou, Hangzhou, Beijing)
Business Description: EC fulfillment business (EC product storage/warehousing, inspection, inventory management, order picking, packaging, labeling, order processing, shipping, delivery arrangement, return processing, etc.), delivery agent tasks, EC multi-platform consignment sales business
China's E-Commerce market exceeded \30 trillion in 2013 and currently continues growing at the rate of over 20%, with a projection of reaching \50 trillion in 2015. This amounts to 10% of the overall retail sales market, and it will be the largest scale in the world. (Source: "iResearch China E-Commerce industry guide TOP1000" by iResearch, May 2013) transcosmos will continue providing a total EC service in the Chinese market for not only Japanese and Chinese clients but also for Western and other Asian corporate clients, and at the same time, continue to accelerate its future global development as the "Global IT Partner" for its corporate clients.
- transcosmos is a registered trade name or trademark of transcosmos inc. in Japan and other countries.
- Other company names and product or service names mentioned are registered trade names or trademarks of various other companies.
About transcosmos inc.
Since our establishment in 1966, we have combined superior "human resources" with the most up-to-date "technological" capabilities to enhance the competitive strength of our corporate clients by providing them with high value added and superior services. We provide overall IT outsourcing services such as Call Center Services, Business Process Outsourcing Services, and Digital Marketing Services either as standalone solution or as combined services to our corporate clients to optimize their marketing efficiencies, to expand sales, and to improve operational efficiency and reduce clients operational cost for back office and information system operations. Further, these services have been expanded beyond Japan, globally, centered in Asia. We aim to be the "Global IT Partner" of our corporate clients to provide them with high quality outsourcing services on a global scale.
Contact for news media inquiries
Inquiries from the media should be forwarded to transcosmos inc.
Public Relations & Advertising Department
For the original version on PRWeb visit: http://www.prweb.com/releases/transcosmos/ChinaEC/prweb10977290.htm