Best betting on Thai marketBest Inc, a Chinese logistics firm backed by e-commerce titan Alibaba, plans to invest 300 million baht in the second half to boost its express delivery service, Best Express, in Thailand. The logistics market in Thailand is projected to rise 35% to 6.6 billion baht this year. "We see the rise of logistics business in Thailand and Southeast Asia as the pandemic changes user behaviour towards online shopping," said Jason Qian, chief executive and president of Best Thailand and Best Logistics Technology (Thailand) Co.Thailand's market for parcel delivery has grown from 2017 to 2019. "We will recruit couriers, not only motorcycle riders, but also tuktuk and taxi drivers," said Nattharak Dilokpitthhayarath, general manager of Best Thailand. The company, which relies on a franchise model, uses Best Express service stations and aims to expand to more 800 franchises by year-end and over 2,000 in 2022.

Source: Bangkok Post July 20, 2020 23:26 UTC