Facing the booming demand of cross-border logistics, it has become a new way for several domestic express enterprises to seek market growth. Traditional express delivery enterprises everywhere, cainiao and other e-commerce departments express also step up overseas enclosure. From the perspective of overseas layout of related enterprises, southeast Asia has become another major battlefield for domestic logistics enterprises.

Rice has the hkex jin yuan of listed company announcement said, tianwei to its wholly owned subsidiaries and the subsidiary motion abolution abolition movement spread Investment Co., Ltd to form a joint venture company, in Vietnam to provide local and international express and logistics and warehousing management solution, the business goal is to become Vietnam's largest and most trusted provider of international logistics and supply chain.

The announcement also showed that when tianwei and shunfeng agree, the business may be expanded to neighboring countries to provide customers such as B2C, C2C and B2B with high-quality, safe and fast logistics solutions. In other words, d on this joint venture, sf international logistics services and warehousing management solutions are expected to take Vietnam as the starting point to deeply explore the growth space of international logistics and supply chain business in the southeast Asian market.

Sf has been making big moves to boost its international presence and, through joint ventures and overseas investments, has been its usual tactic for the past two years to make its international business more competitive. In May 2017, shun fung holdings and UPS announced the establishment of a joint venture in Hong Kong. The two parties intend to jointly develop and provide international logistics products, focus on cross-border trade and expand global market. In April, sf participated in a new round of financing for us logistics service platform Flexport.

In its previous semi-annual report for 2018, sf noted that Flexport is an authorized freight forwarder dedicated to providing customers with transparent services such as sea, land and air freight, customs clearance and cargo insurance. d on the Flexport capability, sf can optimize its products and strengthen its competitiveness.

Thanks to shunfeng's emphasis on international market, the international business with significant growth has become one of its highlights. The semi-annual report showed that in the first half of 2018, sf international business achieved 12.21 billion yuan of non-tax operating revenue, up 40.78 percent year-on-year.

And from the market target of the newly established joint venture company, the southeast Asia region has become another "fengshui treasure land" of shunfeng international market. Since the launch of a special cross-border delivery line from China to Thailand in October 2013, southeast Asia has gradually become a major hub for shunfeng's international market layout. In April last year, shunfeng international, its Thai branch and Bangkok branch were officially put into operation, and its network layout was announced to cover four major asean countries, namely Singapore, Malaysia, Vietnam and Thailand.

On the other hand, with an eye on the rapid development of e-commerce market in southeast Asia, e-commerce logistics companies are also speeding up their efforts to gain land, marking southeast Asia as the focus of the international market. When Google invested $550 million in jingdong in June, it focused on accelerating the delivery of more helpful and personalized high-quality services to global consumers, including in southeast Asia. Obviously, on one side is Google, which seeks to make a difference in the retail business in southeast Asia, and on the other side is jd.com, which has a relatively mature scale in the local logistics. Behind the two sides' rapprochement, it may be the temptation of the e-commerce development space in southeast.

It is worth mentioning that in addition to express logistics, the increasing demand for freight in southeast Asia is also attracting more logistics platforms from China to enter. Last September, 58 home announced the merger of its express business with GOGOVAN, a southeast Asian freight and logistics platform. While the labrador, founded in 2013 in Hong Kong, deployed southeast Asia as another major war zone besides China when it launched a major offensive in 2014.