Central regions | Transport, logistics | Finance, business

Russian company buys into Chinese logistics platform

10 Apr '19
MaksiPost, a Russian group of companies, has taken over Guangzhou Hanxuan International Freight Forwarding Co., a Chinese logistics platform that consolidates and delivers goods from China across the world, Firrma.ru reported.

The platform with a capacity of 45,000 square meters of warehousing space currently has as many as 400 active customers from among Chinese online stores. On a daily basis, an estimated 80,000 parcels are reportedly shipped to Russia and another 30,000 to other countries.

MaksiPost owns the controlling stake in the Chinese company. The dealís value has yet to be disclosed; but the Chinese operatorís $1.2m net profit in 2017 has led market experts to reckon that the holding firm might be worth a total of $300m.

The new acquisition is yet another step on the Russian companyís path to its main goal, which is establishing itself as a federal logistics operator in Russia and entering international markets. Ten months ago MaksiPost became independent, leaving Posti Group, a Finnish group of companies, and has doubled delivery volumes to 18-20,000 a day in the domestic market since then.

The companyís 2019 plans include broader geographies and bigger delivery volumes in Russia and the opening of rep offices in Africa, a fast-growing e-commerce market.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: controlling stake (2) / parcels (0) / logistics platform (0) / MaksiPost (0) / Guangzhou Hanxuan International Freight Forwarding Co (0) /

Latest News: Central regions
25 Apr '19 | Finance, business | Telecoms, media
23 Apr '19 | Finance, business | Technology & innovation
22 Apr '19 | Finance, business | Retail, FMCG
16 Apr '19 | Technology & innovation
 

Feature stories

4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
Search (News archive - 21343)
Advertising
Venture_Russia_2018
Advertising
NATT
Advertising
StartUp-Village
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

25 Apr '19
MTS, one of Russiaís main mobile operators, has...
24 Apr '19
Data MATRIX, a St. Petersburg-based IT developer, has...
23 Apr '19
Steel magnate Alexey Mordashov has taken over a...

Most read stories from last week

23 Apr '19
Steel magnate Alexey Mordashov has taken over a...
24 Apr '19
Data MATRIX, a St. Petersburg-based IT developer, has...
25 Apr '19
MTS, one of Russiaís main mobile operators, has...