Central regions | Transport, logistics | Finance, business

Russian company controls Chinese logistics platform

14 May '19
MaksiPost, a Russian group of companies, earlier this spring took over Guangzhou Hanxuan International Freight Forwarding Co., a Chinese logistics platform that consolidates and delivers goods from China across the world.

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 deals value has yet to be disclosed; but the Chinese operators $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 companys path to its main goal, which is establishing itself as a federal logistics operator in Russia and entering international markets. Eleven 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 companys 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
Find Related Content


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

Latest News: Central regions
19 Jul '19 | Energy, utilities | Technology & innovation
18 Jul '19 | Finance, business
17 Jul '19 | Finance, business | Technology & innovation
16 Jul '19 | Technology & innovation
12 Jul '19 | Transport, logistics | Technology & innovation

Feature stories

26 May '19
This article has been written by Carl Burch, an MBA,...
4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
Search (News archive - 21385)
Marchmont News

Latest News

19 Jul '19
Rostelecom, the national telecom operator, is...
18 Jul '19
Skolkovo Digital, a Skolkovo Foundation investment...
17 Jul '19
The Russian government is considering a package of...

Most read stories from last week

19 Jul '19
Rostelecom, the national telecom operator, is...