Malaysia’s biggest postal company is seeking a more direct role in providing logistics services to Chinese e-commerce giant Alibaba Group Holding Ltd, tapping a boom in online retailing.
Pos Malaysia Bhd is planning talks with Alibaba this month on bypassing the middlemen when shipping goods sold on its platforms, said Mr Mohd Shukrie Mohd Salleh, its chief executive.
Surging parcel deliveries for online shopping drove a 40 per cent jump in profit in the fiscal first quarter and full-year earnings will be higher than a year earlier, he said.
“Marketplace owners want to deal with logistic players directly. I’m going to China to meet up with Alibaba in October”, he said.
