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.”
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