(Source: Tech Wire Asia | 12 October 2016)
POS Malaysia, the country’s biggest and oldest postal service that began operating 200 years ago, is planning to discuss a much more straightforward role in logistics with Alibaba, one of China’s biggest tech and retail companies.
According to Bloomberg, Pos Malaysia wants to work towards getting past the middlemen when it comes to shipping items bought by consumers off Alibaba’s retail platforms. Mohd. Shukrie Mohd. Salleh, CEO of Pos Malaysia, told Bloomberg that the company wants to tap into the “booming” e-commerce industry.
The global retail e-commerce market is valued at an estimated US$1.2 trillion by the Universal Postal Union. Traditional postal agencies have been aware of the potential growth that lies in delivering goods from foreign e-commerce companies for some time now.