Singapore Post has signed a Memorandum of Understanding (MOU) with Alibaba's Cainiao to explore a strategic partnership. The collaboration aims to promote the long-term growth of Singapore’s freight and logistics industry.
- The partnership is expected to enhance logistics networks for both parties.
- It will support the expansion of e-commerce across Southeast Asia, benefiting from the region's growing demand for efficient logistics solutions.
This move will likely boost the regional capabilities of both companies in the competitive e-commerce market.
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Deep Sea 103495637 : I think it will hit 0.50. This is my view.
Deep Sea 103495637 : My family member bought it at 0.455. Still holding it.