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Alibaba Forms Logistics And Escrow Service
June 14, 2005 |
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Alibaba.com's affiliate Zhejiang Zhifu Bao has entered into an alliance with China's two major logistics service providers, Zhaijisong and Tianjin Datian Group, to create the first e-commerce third-party logistics agency in China.
The third-party logistics service integrates different logistics enterprises onto the online platform of Zhifubao from which the trading parties can choose. Buyers can have a specific logistics company to check and deliver goods for them and the latter will then act as an escrow agency.
Zhifubao is also negotiating with the China Postal Express Corporation for possible cooperation.
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