China Shipping seeks online edge

摘要

Two subsidiaries of China Shipping - China Shipping Container Lines (CSCL) and China Shipping Network Technology - have signed a co-operation agreement with e-commerce company Alibaba. The three companies plan to build an e-logistics network for international box shipping, combining traditional maritime procedures with e-commerce. Alibaba, which plans to list on the New York Stock Exchange, would own 50% of the platform under the agreement, which was signed on 11 July, with the China Shipping units splitting the other half.