YCH Group Announces Strategic Partnerships with Shanghai Shine-Link International Logistics and New Land-Sea Corridor Operation Co., Ltd, Benefiting Chinese Companies Seeking Market Expansion into ASEAN
Nov 7, 2023 6:10:00 PM
Shanghai, China, 6th November 2023 – YCH Group, Asia's leading end-to-end supply chain management and logistics company, is delighted to unveil two transformative partnerships that mark a pivotal moment in the enhancement of trade connectivity and international business expansion. The first Memorandum of Understanding (MOU) is with Shanghai Shine-Link International Logistics, a state-owned enterprise, and the second is with New Land-Sea Corridor Operation Co., Ltd. The MOU signing ceremony took place at the Singapore-China Trade and Investment Forum (SCTIF), held concurrently with the 6th China International Import Expo in Shanghai.
These collaborative endeavours transcend traditional business ventures, offering innovative solutions to surmount the operational challenges of international business expansion while providing substantial benefits to Chinese companies seeking market expansion into ASEAN countries.
Above: Memorandum of Understanding (MOU) signed between YCH Group and New Land-Sea Corridor Operation Co., Ltd.
Front row (From left to right): Mr. Wang Yupei, Chairman of New Land-Sea Corridor Operation Co., Ltd., and Mr. Eric Chan, Director of Corporate Development of YCH Group.
Back row (From left to right): Mr. Tang Weidong, Deputy Director of the China-Singapore (Chongqing) Demonstration Initiative, Mr. Kok Ping Soon, of the Singapore Business Federation (SBF), Ms. Low Yen Ling, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry, Mr. Chua Teng Hoe, Consul-General of the Republic of Singapore in Shanghai, and Dr. Robert Yap, Executive Chairman of YCH Group.
The partnership with New Land-Sea Corridor Operation Co., Ltd underscores YCH Group's dedication to fostering growth and bolstering connectivity along the Belt and Road Initiative routes, including vital trade routes to and from ASEAN countries. By joining forces with New Land-Sea Corridor Operation Co., Ltd, YCH Group contributes to the enhancement of transportation and logistics services, thereby facilitating trade between China and ASEAN nations. Chinese companies looking to expand into ASEAN markets will enjoy improved trade infrastructure, reduced delays, and strengthened international relations—a shared vision held by both organisations.
Mr. Tang Weidong, Deputy Director, Tang Weidong, Deputy Director of the China-Singapore (Chongqing) Demonstration Initiative, said,
"Congratulations to YCH Group and New Land-Sea Corridor Operation Co., Ltd on reaching a cooperation consensus. We hope that both parties can fully play the important role of the China-Singapore Interconnection Project as an open platform, the land-sea new channel connecting ASEAN, and leverage their complementary advantages in supply chain management. Together, let us jointly make more contributions to building a regional industrial chain supply chain resilience and security system."
Above: Memorandum of Understanding (MOU) signed between YCH Group and Shanghai Shine-Link International Logistics.
Front row (From left to right): Ms. Qin Ping, Commercial General Manager of Shanghai Shine-Link International Logistics, and Mr. Eric Chan, Director of Corporate Development of YCH Group.
Back row (From left to right): Mr. Xu Feng, President of Shanghai Shine-Link International Logistics, Mr. Kok Ping Soon, of the Singapore Business Federation (SBF), Ms. Low Yen Ling, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry, Mr. Chua Teng Hoe, Consul-General of the Republic of Singapore in Shanghai, and Dr. Robert Yap, Executive Chairman of YCH Group.
Mr Xu Feng President of Shanghai Shine-Link International Logistics stated:
"We are proud to collaborate with YCH Group. Together, we aim to simplify and optimise international trade operations, reducing costs and enhancing efficiency. This partnership creates new opportunities and provides practical solutions to overcome the complexities of international business expansion."
The partnership between YCH Group and Shanghai Shine-Link International Logistics represents a strategic alliance that capitalises on each other's network resources and capabilities to deliver a comprehensive cross-border supply chain solution to Chinese companies. YCH Group's renowned future-proof supply chain solutions, celebrated for their scalability, flexibility, and adaptability, seamlessly integrate with Shanghai Shine-Link International Logistics' strength in lean supply chain management. This fusion of capabilities is particularly advantageous for enterprises looking to venture into emerging ASEAN markets, as it offers them the means to optimise supply chain operations, reduce costs, enhance efficiency, and elevate customer satisfaction. Beyond the core efficiencies, the partnership champions an all-encompassing approach to supply chain management, ensuring the smooth orchestration of cross-border operations. Moreover, this collaboration is committed to generating fresh trade opportunities and introducing forward-thinking solutions that significantly streamline international business expansion. Ultimately, the overarching objective is to empower Chinese clients with the tools and knowledge they need to successfully expand into the ASEAN region, while also facilitating growth for ASEAN clients in the Chinese market, capitalising on the synergies between these two organisations.
Dr. Robert Yap, Executive Chairman of YCH Group, expressed his thoughts:
"We are thrilled to announce these two strategic partnerships. These collaborations represent a significant step towards enhancing trade connectivity along the Belt and Road Initiative routes and providing innovative solutions to Chinese companies looking to expand their presence in the ASEAN market."
In conclusion, these two partnerships transcend traditional business collaborations, signifying strategic initiatives to not only enhance trade connectivity but also deliver innovative, forward-looking solutions for Chinese companies seeking to expand their market into ASEAN. YCH Group is excited to embark on this journey with Shanghai Shine-Link International Logistics and New Land-Sea Corridor Operation Co., Ltd, and anticipates a positive transformation in the business landscape and regional connectivity.
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For media inquiries, please contact:
Cecil Chua
Head of Corporate Communications, YCH Group
Email: cecil.chua@ych.com
About YCH Group
YCH Group is Singapore's largest homegrown end-to-end supply chain management and logistics company, recognised as a leading regional partner for many of the world's top brands across the Asia Pacific. With a history dating back to 1955, YCH Group operates in over 100 cities throughout the Asia Pacific region, employing advanced technology systems and proprietary solutions to serve customers across the entire supply chain. The company is renowned for its innovative 7PL™ approach, seamlessly integrating supply chain strategy with execution and excelling in industries such as fast-moving consumer goods, electronics, chemical and healthcare, cold chain logistics, and e-commerce.
For more information, please visit www.ych.com
About New Land-Sea Corridor Operation Co., Ltd (NLSC)
Established in 2017, New Land-Sea Corridor Operation Co., Ltd (NLSC) is a pan-regional integrated transportation platform responsible for implementing the national New Western Land-Sea Corridor master plan. Founded by the governments of the '13+2' provinces, autonomous regions, and municipalities, NLSC serves as the primary promoter and core operational platform for the new land-sea corridor.
About Shanghai Shine-Link International Logistics Co., Ltd
Shanghai Shine-Link International Logistics Co., Ltd, a state-owned enterprise listed in September 2017, specialises in lean supply chain management services for international multinational enterprises. Its main investors include the Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, Shanghai Yidian (Group) Co., Ltd., Shanghai Waigaoqiao Free Trade Zone Joint Development Co., Ltd., and China Eastern Airlines Financial Holdings Co., Ltd.
