TradeGlobal Archives - Inside Retail Asia
Losses in its new eCommerce business in the US saw SingPost net profit slump about 28 per cent.
The SingPost GD Express sell off frees S$78.4 million to reinvest in driving the company’s global eCommerce logistics business.
SingPost has restructured its management team reflecting what it describes as “a pivotal stage” in its transformation into an eCommerce business.
SingP has paid almost S$240 million for a 96.3 per cent stake in a major US eCommerce business.