SingPost acquires 20% stake in Shenzhen 4PX Express

The RMB 60 million or approximately S$12 million acquisition was made through its wholly-owned subsidiary, Quantium Solutions International.

According to a release, 4PX, incorporated in Shenzhen, the People’s Republic of China, is a company that provides international express delivery services, international freight forwarding, import and export of goods and import and export of technology. The company is also the global distribution partner for eBay and PayPal in the China market.

Said Mr Li Yue, Managing Director of 4PX: “We are excited with this investment by SingPost with whom we have fostered a good business relationship since 2009 as their customer.”

Mr Ng Hin Lee, SingPost’s Chief Executive Officer (Postal and Corporate Services) who is also overseeing the Group’s strategic acquisition portfolio said: “We are pursuing growth in regional logistics and e-commerce, both of which offer tremendous potential in the new globally connected marketplace. This investment with 4PX is a strategic one for SingPost as it gives us a platform for entry into the outbound logistics and the high-growth e-commerce market in China and globally, especially into USA, UK and Australia where 4PX has set up operations.”

SingPost’s regional business currently spans 10 countries in Asia Pacific through whollyowned Quantium Solutions, a mail-logistics solutions provider and DataPost Pte Ltd, a hybrid mail business.  

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.