Pos already indicated bigger role for Alibaba. And Drb already pumped its logistic arm in to POS in exchange for more POS shares. Now DRB has 53.5% of POS.
Last time Transmile was touted to fly goods into China but failed. This round DRB has 2 cargo planes ready to fly any where.
And for Distribution Centers no other company got such widespread locations in Malaysia except POS. POS has over 800 POS outlets and still expanding.
So Alibaba will go for POS/DRB as there command a bigger presence rather than small fry companies.
See
The opening of FTZs has cut much of the red tape associated with importing products from other countries over a range of product segments, making it possible, for example, for Chinese consumers to order fresh food from Australia or South America, and have it delivered to their door 72 hours later (if they live in a first-tier city such as Shanghai).
At the same time as FTZs have begun opening up around China, the country’s consumers have developed a serious affinity for products from overseas.
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Posted by JadeSchira > 2017-03-19 12:23 | Report Abuse
AppAsia (0119) should see buying interest this Monday. Time to sapu!