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Kerry Logistics has entered a partnership with the Spanish national postal service to benefit from the vast growth in demand for Chinese e-commerce.
With Sociedad Estatal de Correos y Telégrafos, the Hong Kong-headquarted logistics operator will form a joint-venture providing end-to-end, cross-border e-commerce.
As part of the JV, a sortation centre will be set up in southern China equipped with an automated sorting system, parcel screening and security controls.
Kerry said it was targeting a fourth-quarter opening for the facility, which will cover 200,000 sq ft and have a sorting capacity of 500,000 parcels a day.
President of Correos Juan Manuel Serrano Quintana said: “This is the largest trade and economic partner for Spain in Asia and offers a way to create a sustainable business model to meet growing demand in booming e-commerce business.”
Cross-border e-commerce exports from China recorded a 67% increase last year, amounting to Rmb56.12bn ($8.1bn), according to China’s General Administration of Customs.
Managing director William Ma said this was despite moderate global economic growth last year, not helped by “US-instigated” trade tensions.
He added: “Increasing demand in intra-Asia trade and e-commerce accelerated the group’s Integrated Logistics (IL) businesses.
“We recorded a double-digit increase in turnover, core operating profit and core net profit in 2018, achieving positive growth for the ninth consecutive year.”