Pos Malaysia Bhd plans talks with Alibaba this month on bypassing the middlemen when shipping goods sold on its platforms, Mohd Shukrie Mohd Salleh, its chief executive officer, said. I’m going to China to meet up with Alibaba and other market players” in October, he said. Postal companies in Asia are remodeling themselves by expanding overseas to meet rising demand spurred by a global retail e-commerce market valued at about US$1.2 trillion by the Universal Postal Union. The government is examining its proposal for higher postal rates, said Mohd Shukrie. While Pos Malaysia handles parcel deliveries for Alibaba through freight forwarders, or so-called consolidators such as Japan’s Sankyu Inc, the Kuala Lumpur-based company wants to deal directly with these marketplace owners, said Mohd Shukrie.

Source: The Edge Markets October 11, 2016 03:56 UTC