Clicks to ships: The forces driving China's logistics push

摘要

The innocuous click of a computer mouse in Southeast Asia for online purchases is leading to a shopping spree of a different sort: China's shipping companies buying logistics firms, in what appears to be a push into the Southeast Asian region.In March, COSCO Shipping International, the Singapore-listed arm of China's COSCO Group, acquired Cogent Holdings for SGD490 million (USD360 million).Cogent is a Singapore-listed logistics manager. Its main businesses are warehousing, container depot services, automotive logistics, and transport management in Singapore. It also operates warehousing and container depot businesses in Malaysia.