News / Qoo10 logistics unit Qxpress buys Hong Kong's Korchina Logistics

Korchina HQ. Source Korchina.

Qxpress, the logistics offshoot of Singapore-based e-commerce group Qoo10, is expanding operations with the acquisition of Hong Kong-based freight forwarder Korchina Logistics.

With 38 branches and more than 1,000 employees worldwide, Korchina’s network covers major Asian markets, including China, South Korea and Japan and a further 14 countries.

Qoo10 is a joint-venture between US-based eBay and Gmarket, a South Korean e-commerce site it acquired. In 2015, Singapore’s main newspaper publisher, Singapore Press Holdings, invested $112m in Qoo10 to diversify into non-media businesses.

Besides ...