Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
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Vipshop trucks (credit Vipshop)
NYSE-listed Chinese e-commerce company Vipshop has joined compatriot peers Alibaba and JD.com in establishing a logistics arm.
Last month, Vipshop incorporated Guangzhou Heju Supply Chain (a literal translation), whose business scope will include container leasing, recycling and the wholesale of recycled materials, according to the Chinese corporate registry.
Founded in 2008 by Eric Shen and Arthur Hong, Guangzhou-based Vipshop runs a website, VIP.com, and was listed on the NYSE in March 2012.
After Alibaba’s Tmall and JD.com, VIP.com is China’s third largest e-commerce site ...
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