To better meet the demands from domestic and international markets, in 2018, the company further expanded its overseas business to establish overseas division and warehouse in South Korea. In August of the year, the warehouse came into service.
Currently, with 500 sqm of E-commerce warehouse in Gimpo-si, South Korea, and 2000 sqm of transit warehouse close to Inchon port, our overseas warehousing service mainly include storage, generation delivery, supply chain finance, customs declaration & clearance, logistics, etc. available in manner of either total package or customized service. On average, we daily process to deliver around 2000 units from warehouse. We expect both warehousing area and business volume will double in 2019.
As we are deeply aware of the role that technology plays in keeping our business competitive in the industry, our technology team worked hard with our logistics experts to develop tools and software that have realized the mutual access to between customer’s and our systems. The informatization and automation greatly increases the working efficiency as well as lowers the labor cost. As the firm backing strength for the two-way logistics in import & export, our teams responsible for port operations also contributed a lot from home in collaboration with the overseas team. In 2018, we expanded our business in the following ports: Qingdao, Weihai, Jiangsu province, Liaoning province and Guangdong province and have achieved our target to serve customers at lower cost and higher efficiency.
In 2019, the company will further push the frontier of Sino-Korean E-commerce business to realize infomationalized and smart logistics.
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