Singapore Post Limited (SingPost) has made two investments in Hong Kong to strengthen its e-commerce logistics presence in Hong Kong and establish an integrated ecosystem for parcel deliveries across multiple channels.

The first is the acquisition of a 33 per cent equity stake in Morning Express & Logistics Limited (ME) for HKD39.6 million (US$5.1 million). This equity in ME provide s SingPost with tangible e-commerce logistics and lastmile delivery capability in Hong Kong, according to SingPost.

In another transaction, SingPost has subscribed for a 50 per cent stake in E Link Station Limited (ELink) for HKD8.0 million. ELink augments SingPost’s service offering in Hong Kong with a rapidly expanding network of self-collection parcel service points.

SingPost made both transactions through its subsidiary Quantium Solutions Holdings Pte. Ltd. Wolfgang Baier, SingPost Group CEO said: “Hong Kong, being a gateway to China, is a priority market for SingPost and a node in our pan-Asian network through which we serve our customers and partners. Morning Express gives us a strong last-mile and parcels capability in Hong Kong and extends our e-commerce value chain there, adding on to our warehousing, freight forwarding and front-end e-commerce.”