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Cosco invests RMB1bn into SF Express

China’s top maritime conglomerate has firmed ties with the nation’s number one express operator.

State-run Cosco Shipping has bought RMB1bn ($157m) of shares in the parent of SF Express, one of the world’s fastest growing express operators.

Cosco said the move was aimed at strengthening both parties’ capabilities in areas such as big data, artificial intelligence and blockchain.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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