Abbott and Fonterra to Form Strategic Alliance for Dairy Farming in China

ABBOTT PARK, Ill. and AUCKLAND, New Zealand, July 11, 2014 /PRNewswire/ — Abbott (NYSE: ABT) and Fonterra Co-operative Group Ltd today announced the signing of an agreement to develop a proposed dairy farm hub in China. The strategic alliance, which is subject to Chinese regulatory approval, will leverage Fonterra’s expertise in dairy nutrition and farming in China and Abbott’s continued commitment to business development in China. 

Dairy consumption in China has been rising steadily over the past 10 years. The continued development of safe, high-quality milk sources is essential to meeting this growing demand from Chinese consumers. Abbott and Fonterra are pleased to be able to work together and, through this alliance, make a positive contribution to the growth and development of China’s dairy industry.

“This would be Fonterra’s third farm hub in China and will complement our existing farming operations in Shanxi and Hebei Provinces that have been very successful,” said Theo Spierings, chief executive, Fonterra. “Farming hubs are a key part of our strategy to be a more integrated dairy business in Greater China, contribute to the growth and development of the local Chinese dairy industry, and help meet local consumers’ needs for safe, nutritious dairy products.”

“We’re pleased to partner with Fonterra, a global leader in dairy science, on this alliance to build dairy capacity in China,” said Miles D. White, chairman and chief executive officer, Abbott. “This is a very important step in our growing commitment to Chinese consumers.”

Both companies will work with Chinese regulators to obtain necessary approvals through the course of the project’s development.

If approved, Abbott and Fonterra will form a joint venture to invest a combined US$300 million (NZ$342 million or 1.8 billion RMB) into the farm hub, which will contain up to five dairy farms and more than 16,000 dairy milking cattle in production, producing up to 160 million liters of milk annually. The herd for this hub will comprise animals either imported, or sourced from Fonterra’s existing farm hubs. All dairy cattle will have genetics traceable to New Zealand, Australia, the United States and Europe.

As the world’s largest global milk processor and dairy exporter, Fonterra brings industry-leading dairy standards and practices to farm operations. The Fonterra-Abbott joint venture will operate the farm hub in China to these same standards to produce high-quality dairy. 

Pending regulatory approval, the first farm is expected to be completed and producing milk in the first half of 2017 and the remaining farms will commence production in 2018.

Abbott and Fonterra have a long history in China and have made substantial commercial and social investments in the country.

About Fonterra
Fonterra is a global leader in dairy nutrition – the preferred supplier of dairy ingredients to many of the world’s leading food companies. Fonterra is also a market leader with our own consumer dairy brands in Australia/New Zealand, Asia/Africa, Middle East and Latin America. 

The farmer-owned New Zealand co-operative is the largest processor of milk in the world, producing more than two million tonnes of dairy ingredients, value added dairy ingredients, specialty ingredients and consumer products every year. Drawing on generations of dairy expertise, Fonterra is one of the largest investors in dairy based research and innovation in the world. Our more than 16,000 staff work across the dairy spectrum from advising farmers on sustainable farming and milk production, to ensuring we live up to exacting quality standards and delivering every day on our customer promise in more than 100 markets around the world.

About Abbott
Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare. With a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals, Abbott serves people in more than 150 countries and employs approximately 69,000 people.

In China, Abbott has more than 4,000 employees working in manufacturing, research and development, logistics, sales and marketing. Primary locations in China are in Shanghai, Beijing and Jiaxing.

Visit Abbott at www.abbott.com and www.abbott.com.cn, and connect with us on Twitter at @AbbottNews.

Abbott Builds Long-Term Commitment in China

ABBOTT PARK, Ill., July 11, 2014 /PRNewswire/ — Today’s announcement of a proposed strategic alliance with Fonterra to develop dairy farms is the latest in a series of investments Abbott (NYSE: ABT) has made in China, deepening its commitment in the country. In June, Abbott opened a state-of-the-art nutritional manufacturing facility in Jiaxing, and earlier this year, Abbott opened two research and development centers in Shanghai. In 2014, Abbott has announced more than US$400 million (2.5 billion RMB) of investments in its China operations.

Abbott has made these investments in order to improve people’s nutrition and health, and further establish the company as a long-term partner in China’s development. Today, Abbott has more than 4,000 employees in China. Abbott investments and engagements in China include:

  • Collaboration with the government since 2008 to strengthen nutritional science and testing capabilities, and share technical expertise to promote food safety.
  • Operation of a medical optics facility in Hangzhou, a pharmaceutical facility in Shanghai, and new research and development centers for its nutrition and diagnostics businesses in Shanghai.
  • Creation of the Abbott Crossroads Institute training center in Shanghai, which educates healthcare providers in coronary, endovascular and structural heart interventions.
  • Implementation of innovative initiatives across Abbott’s China manufacturing operations to reduce emissions, water use and waste, and to make product packaging more sustainable.
  • Establishment of the Abbott Fund Institute of Nutrition Science (AFINS), in partnership with Shanghai Children’s Medical Center and the global non-profit organization Project HOPE. The partnership, which operated from 2007 through this year, strengthened clinical pediatric nutrition practices, training, research and community outreach.

“Our goal is to help people live healthier lives,” said Miles D. White, chairman and chief executive officer, Abbott. “That means investing in the countries where we live and work. We’re committed to using our science, our product quality and educational efforts to raise the level of health in China and around the world.”

China XD Plastics Responds to Seeking Alpha Article

HARBIN, China, July 11, 2014 /PRNewswire/ — China XD Plastics Company Limited (NASDAQ: CXDC, “China XD Plastics” or the “Company”), one of China’s leading specialty chemical players engaged in the development, manufacture and sale of polymer composite…

Asia & Europe: an enduring and deepening economic relationship

European Commission

[Check Against Delivery]

Karel De Gucht

European Commissioner for Trade

Asia & Europe: an enduring and deepening economic relationship

Asia Europe Meeting (ASEM): A partnership for the 21st Century

Friends of Europe Conference

Brussels, 8 July 2014

Ladies and gentlemen,

The dramatic economic and political changes taking place in Asia require Europeans to think hard about the future of our relationship with the countries to our East.

But in doing so we must remember that this is not a new relationship – but one with a long and deep history.

After all, the famous early trade routes between Europe and Asia not only brought prosperity to individual merchants, they fundamentally changed the character of life in Europe – bringing variety and innovation – from the decimal system to the fireworks. Trade was also, we must acknowledge, the main driver of the regrettable past of European colonialism in the region.

History reminds us too that while the current economic rise of so many Asian countries is certainly shifting the global economic centre of gravity to Europe’s east; it is, in reality, only returning to a more central position. And this is the mathematical consequence of lifting hundreds of millions of people out of poverty.

All this is to say that Europe and Asia are not strangers, but rather old partners renewing and deepening their ties, for the benefit of people at both ends of our vast land mass, and on the islands all around it.

This is why the Asia Europe Meeting is so important. It provides the Heads of State and Government of 51 Asian and European countries a forum both to build on our existing relationship and to deepen our ties.

The success of that endeavour is essential for the economic future of the European Union.

There are two forces by which international trade and investment boost growth:

Imports work on the supply side of the economy – making companies more competitive by giving them access to the world’s best inputs at the world’s best prices.

Exports work by responding to demand – giving us access to the world market.

The phenomenon of global value chains that produce goods in many steps, across many countries boosts both of these effects even more.

For these forces to help build a sustainable recovery in Europe, links with Asia are essential.

On the supply side, let me explain this with an example. Imports from China are essential to the competitiveness of many industries in Europe. Why? Because the parts and components that we get from the Chinese are used in European factories to make European finished products. The result is that more than a million jobs in Europe depend directly on imports from China.

On the demand side, we need to look at the bigger picture. The economic advancement of so much of the world’s population is creating massive new markets for European products. Economists project that over the next 20 years more than 60% of the world’s growth is going to happen in Asia. And by the way – that projection already assumes a gradual slowdown in growth in many countries there.

The conclusion: Europe has to be connected to Asia if it wants to be part of global growth. It’s that simple.

The good news is that we are already doing very well.

The EU is one of the largest trading partners of all Asian countries. And in 2012 we were either the first, second or third most important trading partner for ten of ASEM’s Asian members. By way of comparison, the United States has this kind of relationship with just two of those countries, as the second most important trading partner, after the EU, of Japan and China.

Moreover, the European Union’s deep relationship with China in particular plugs us into wider regional value chains, as does our status as the second largest partner for Singapore – the gateway to ASEAN.

For ASEAN as a whole, trade with the European Union represents some 13% of their total. This puts us in third place behind China and Japan. This is the result of geography and regional value chains. But we again outperform the US, who comes fourth.

And on top of all of this the EU is also a major investor in Asia, where we sent more than 20% of all our investment flows in 2012. And around 13% of all investment flows into the EU came from the region the same year.

That’s a lot of figures. But I don’t say all of this just to give an economic lecture.

I say it because too often in Europe we focus on our weaknesses. We sometimes forget that the Single Market and makes us a trade and investment powerhouse. We need to remember it when we design our policies.

What then should our policies be?

If we are doing so well can we just sit back and relax? Clearly not.

It is essential that we build the bridges that will allow our relationship to continue to flourish. In doing so we must use our resources wisely, focusing on what we can do to get pragmatic results.

Our first area of action is on the bilateral front:

Since 2011 we have been seeing the benefits of our ground-breaking free trade agreement with South Korea – with Europe’s exports to Korea up 24%. We now meet regularly in the framework of the agreement to make sure it is fully implemented.

We have also finished negotiations with Singapore, which is just the first of several negotiations with ASEAN countries. Talks are now underway with Malaysia, Vietnam and Thailand. And it is my goal that these agreements serve as building blocks for an eventual broader deal with ASEAN as a whole.

We are also in negotiations with India. They have been ongoing now for some time. But that is because we are determined to achieve a high quality result. And the EU looks forward to working with the new Indian government to achieve that.

Furthermore, we are negotiating a free trade agreement with Japan – the region’s second largest economy and one of the EU’s most important trading partners. One year into this highly ambitious negotiation we have already made significant progress on key areas like non-tariff barriers. We will continue to work hard to bring it to an ambitious conclusion.

Our relationship with China, given its size and role in the region, is naturally both close and complex. We are now well into a negotiation to improve both access and protection for investments in both directions.

If we take all of these agreements collectively, they will open markets for either trade, investment or both with 95% of the Asian economy. That will be an enormous step forward for EU-Asia economic relations.

It is true that these agreements do take time. But that is because they are of a very high standard. We could have concluded many of them long ago if we wanted low ambition deals that don’t bring about real market opening.

Even so, these bilateral discussions are only part of our relationship with the countries of Asia.

We are also determined to work hard together in the multilateral context.

Last year’s agreement on trade facilitation and other issues at the World Trade Organisation’s ministerial conference in Bali has shown there is life in the multilateral trading system. Now Europe and Asia are together making sure that this agreement is fully implemented.

The European Union is also working with China, Japan, South Korea and Singapore, along with 9 other partners for a new agreement to liberalise trade in green goods.

But our most important task, of course, is to work with Director General Azevedo to find a way through the logjam at the core of the Doha Round. The European Union wants a meaningful outcome that reflects today’s realities and will help spur global economic growth.

In our view that means working towards concluding the DDA in the shortest timeframe possible, by the next ministerial conference if we can. To achieve that, we will need to simplify our overall approach. All Members will also need to adjust their expectations and focus on their key interests. Only that will allow us to get a balanced outcome across the main parts of the negotiations.

Of course that is really only the beginning. No matter how successful our efforts are, a completed Doha Round will still leave major gaps in the multilateral rulebook:

We will still have to answer key questions like how to deal with the interaction of trade policy and regulation for example. There is also the vexed issue of what rules state-owned enterprises should follow when they compete in the open market.

And, over the medium term, the World Trade Organization will have to be the forum by which Europe, Asia and our other partners work out global answers to these trade questions.

Ladies and gentlemen,

The shift in the global economic balance of power means that the first trade and investment priority for Europe is to find ways to deepen the already significant bilateral ties between Europe and Asia. I would argue that we are well on our way to achieving that. What we need now are discipline and diligence.

But the bilateral relationship is really only part of the equation. The larger issue is how we are going to jointly help set the rules for the global economy of the 21st Century. As I have suggested that will ultimately need to happen in the World Trade Organisation, using our bilateral deals as something of a stepping stone.

Some may argue that this is not possible, that on these longer term issues Europe and Asia are too far apart. But I do not agree, I believe that as a group of trading nations we all have a shared interest in open markets. And the need for an international economic rule of law follows directly from this.

That, then, is not a European value, but a global one. So I have every confidence that by working together we will be able to succeed.

Thank you very much for your attention.

Eva Green Exudes Timeless Beauty as Leading Lady in the 2015 Campari Calendar

MILAN, July 10, 2014 /PRNewswire/ — Today, Campari® is officially unveiling the Hollywood actress Eva Green as the star of the 2015 Campari Calendar. The stunning French born actress will take the lead role in this year’s iconic Calendar, entitled Mythology Mixology, which is dedicated to celebrating Campari’s colourful history and the intrinsic stories linked to twelve of its best-loved classic cocktails. Each month will focus on a classic cocktail and with it, imaginatively depicts the beautiful and little-known anecdotes, tales and curiosities behind each iconic recipe.

To view the Multimedia News Release, please click:
http://www.multivu.com/players/English/71400577-Campari-Calendar-2015/

On starring in the 2015 Campari Calendar, Eva Green comments:

“To work with an iconic worldwide brand such as Campari is an honour and a privilege. There is something very special about this year’s theme as it strikes a compelling and almost magical balance between the classic and the contemporary. At the root of each image is this rich sense of history behind each of Campari’s best-loved cocktails but they are presented in a way that is ultra modern, exuding imagination and style. It’s a thing of incredible beauty and clearly shows that whilst some of these recipes are over 100 years old, they are still relevant to and adored in today’s world.” 

Shooting the 16th edition of the globally renowned Campari Calendar is Julia Fullerton-Batten, a worldwide acclaimed and exhibited fine art photographer and the first ever woman to get behind the lens on the Calendar project.

Julia Fullerton-Batten comments:

“Campari has always had an inherent ability to recreate itself and keep the brand image fresh, inspiring and imaginative – a goal I constantly strive towards in my own work too. This year’s theme was an interesting challenge, as there was an important job to do in terms of taking historical anecdotes and invigorating them with a modern edge. I’m confident we managed to strike that delicate balance with this year’s imagery.” 

Bob Kunze-Concewitz, CEO of Gruppo Campari comments: Though there has always been a sense of timelessness around our classic cocktails, weve been hearing reports from bartenders all over the world that there has been a surging popularity for classic recipes like the Negroni and the Americano. This years Campari Calendar is designed to celebrate those enduring recipes and the heritage behind them, so were very much looking forward to unveiling it later in the year.

International Press Contact

Video: 
http://www.multivu.com/players/English/71400577-Campari-Calendar-2015/

Etihad Airways to Launch Flights Between Abu Dhabi and Hong Kong

HONG KONG, July 10, 2014 /PRNewswire/ — Etihad Airways, the national airline of the United Arab Emirates, today announced the launch of a four times per week service between Abu Dhabi and Hong Kong from 15 June 2015.

The new flights will complement the existing services offered by Etihad Airways’ codeshare and network partner, Air Seychelles, ensuring a daily frequency between the two cities, and bringing the combined number of weekly seats offered on the route to 3,620.

Hong Kong will become Etihad Airways’ seventh destination in Northeast Asia and its fourth destination in Greater China joining Beijing, Chengdu and Shanghai.

James Hogan, President and Chief Executive Officer of Etihad Airways, said: “Hong Kong is an exciting and significant addition to our global network. The new services will offer our guests from Hong Kong and nearby southern China increased travel options and enhanced connections over our Abu Dhabi hub to 34 business and leisure destinations across the Gulf region, Europe and Africa.

“The new flights will support trade ties between the UAE and China, the UAE’s second largest trading partner. Hong Kong, the world’s largest cargo hub and Asia’s dynamic financial centre, gives us huge growth potential and a strengthened product offering for our global cargo customers.”

The UAE is Hong Kong’s largest export market in the Middle East. Hong Kong exports to the UAE rose 14 per cent to US$4.96 billion in 2013.

The additional 80 tonnes of weekly bellyhold capacity offered on the new Etihad Airways flights will open more business opportunities for trading partners in Abu Dhabi and Hong Kong, and strengthen the current four times per week Etihad Cargo freighter service and the existing bellyhold capacity offered by Air Seychelles’ three weekly flights between the two cities.

Known for its expansive skyline and deep natural harbour, Hong Kong is the third most important financial centre, after London and New York, with one of the greatest concentrations of corporate headquarters in the Asia-Pacific region.

The vibrant streets of Hong Kong offer a great blend of modern design and fascinating history. Hong Kong has something for everyone with bustling Asian markets, fine dining, high-end shopping, world-class luxury hotels and numerous tourist attractions.

Etihad Airways will operate a two-class Airbus A330-200 aircraft, configured to carry 262 passengers, with 22 seats in Business Class and 240 seats in Economy Class, offering a total of 2,096 seats per week.

The airline has announced six new routes for the first half of 2015, starting with Kolkata in February, Madrid in March, Entebbe in May, and Edinburgh, Hong Kong and Algiers in June.

The airline’s flights to and from Hong Kong can be booked from today on www.etihad.com, through Etihad Airways Contact Centres, or via travel agents.

Etihad Airways schedule for Hong Kong flights, effective 15 June 2015:

Flight No.

Origin

Departs

Destination

Arrives

Frequency

Aircraft

EY854

Abu Dhabi (AUH)

21:40

Hong Kong (HKG)

09:40

Mon, Wed, Fri and Sat

A330-200

EY855

Hong Kong (HKG)

19:20

Abu Dhabi (AUH)

23:50

Tue, Thu, Sat and Sun

A330-200

 

Air Seychelles’ existing schedule for Hong Kong flights:

Flight No.

Origin

Departs

Destination

Arrives

Frequency

Aircraft

EY4122
(HM86)

Abu Dhabi (AUH)

21:40

Hong Kong (HKG)

09:40 (+1)

Tue, Thu and Sun

A330-200

EY4121
(HM87)

Hong Kong (HKG)

18.55

Abu Dhabi (AUH)

23:25

Mon, Wed and Fri

A330-200

Note: All departures and arrivals are listed in local time.

India’s Food Industry Continues to Boom

MUMBAI, India, July 10, 2014 /PRNewswire/ — As consumer demand in India changes direction, the food industry continues to grow, in one of the world’s most successful economies.

India has the second largest population in the world and the tenth largest economy. It also has the eleventh largest consumer market in the world. It is no wonder that India has become an essential player in the global food ingredients market. AC Nielsen previously named India as a hotspot for food manufacturers, food producers and food ingredient professionals and the country has become an integral part of the global food ingredient network. India has also become one of the most important destinations for food investment, with its food industry growing at an annual rate of 17%. The bridge linking India to the rest of the world is becoming stronger and Food ingredients (Fi) India is at the forefront of the action. It provides a global portfolio extending from the iconic tradeshow, to online platforms with the world’s leading suppliers and buyers, to the high-level industry specific conferences.

     (Logo: http://photos.prnewswire.com/prnh/20130723/629764-a )

From 29 September – 1 October 2014, India will play host to this fully dedicated food ingredients show and Fi India are working to gather hundreds of the leading food ingredient suppliers and 6,000+ visitors and industry professionals. Included in this powerhouse line-up are the likes of ADM Agro, Roquette, Matrix, Mintel and many more. This specialised food ingredients event focuses on innovation and consumer trends, providing a platform for key professionals from around the world to link to this flourishing Indian market.

Matthias Baur, Portfolio Director, Food ingredients Global, provides his viewpoint: “The buying power at Fi India has increased by around 20% in recent years, with seniority of attendees now mainly being CEOs, directors and presidents. Along with the increased buying power and economic growth, a relaxation in import policies, growth of organised retailing, increased urbanisation and an increase in middle class, the lifestyles and food habits are changing across India. This is opening the doors for imported foods, fast foods, health foods and innovative food ingredients from across the globe.

Fi India is part of the Food ingredients Portfolio and works at extending the Food ingredients brand into regions where they have opportunities to engage with new customers and also present new business growth and opportunities to their existing client base. With the key focus on customer insight, sourcing, business development and innovation and trade, in a region with one of the fastest growth rates in the world, Fi India is the most cost-effective platform to source new ingredients, grow market share and is the key stepping stone to enter India’s food ingredients market.

About the organiser 

UBM Live is a division of UBMplc, which is headquartered in London, UK. The office in the Netherlands is the organiser of the world-leading Health ingredients, Food ingredients, CPhi, ICSE and Informex series of food and pharmaceutical ingredients trade shows. The Dutch office also publishes International Food Ingredients Magazine and organises related conference activities. For more information, visit http://www.foodingredientsglobal.com

About Food ingredients 

The Food ingredients portfolio hosts the world’s leading food, natural and health ingredients trade shows. Since 1986, the Food ingredients exhibitions have become the established meeting place for all stakeholders in the food ingredients industry. Over the last 25 years more than 500,000 people have attended our shows across the globe and as a result have contracted billions of euros worth of business deals.  For more information about our portfolio of events and products, please visit http://www.foodingredientsglobal.com/europe/about

 Logo – http://photos.prnewswire.com/prnh/20130723/629764-a

Dangdang Launched “Super Speed Delivery” in 400 Cities of China

TIANJIN, China, July 10, 2014 /PRNewswire/ — The Tianjin warehouse center of Dangdang was formally put into use on 3rd July. In the meantime, Dangdang announced its service commitment of “111 super speed delivery” has covered 400 cities in China. On the same day, Dangdang also signed strategic agreements with some of the largest logistics corporations in China to improve nationwide delivery speed and service.

“111 super speed delivery” means “orders placed before 11 a.m. will be delivered within 12 hours, orders placed before 1 a.m. will be delivered within 24 hours.”

Dangdang adopts the mode of “self-built warehousing plus external logistics cooperation.” This mode can eliminate the disadvantage of separate management and form a coordinated process of logistics, data and management in order to achieve faster speed and lower cost than self-built logistics.

Dangdang speeds up: 16 new warehouses will be built in 2014

According to Dangdang’s warehousing manager Ren Qiang, Dangdang has completed 29 warehouse centers. By the end of 2014, the number will reach 45 in seven areas of China.

In addition to speeding up warehouse building, Dangdang improves the efficiency of the supply chain by opening its independently developed FDC pre distribution center to upstream suppliers, providing nearby delivery, centralized storage and value-added services of nationwide unified delivery.

According to data display, the FDC pre distribution center can improve 60 percent of timeliness of arrival and reduce 66 percent of the out of stock rate. At present, suppliers joined the FDC system accounted for 50 percent of total suppliers of Dangdang.

At present, the Tianjin new warehouse center is the biggest self-built warehouse center covering an area of more than 31 hectares. The total planned warehouse area is 200,000 square meters. 100,000 square meters has been put into use, and another 100,000 square meters will be constructed in the future.

Dangdang speeds up: the intercity transportation in 1-2 days

Dangdang promotes the efficiency of intercity transportation and express delivery by cooperating with large transportation and logistics enterprises in order to achieve faster speed and a wider range than self-built logistics.

Speaking of the acceleration of intercity logistics, Dangdang speeds-up the intermediate and long-range transportation by adhering to the strategy of openness and alliance and fully integrating social logistics resources such as express bus, aviation and high-speed rail.

According to the director of Dangdang’s logistics service department, Duan Yu, at present, the average delivery time can be shorted by 1.1 days by cooperating with large courier companies, which have mature and convenient trans-provincial bus system.

In the area of aviation, Dangdang already has close cooperation with major airlines in order to meet remote and fast requirements by providing special hours’ air freight.

In the meantime, Dangdang will realize its “111 super speed delivery” commitment for trans-provincial delivery with lower costs by carrying out an e-commerce special cooperation with China Railway Corporation and making use of the more than 1,000 lines of high-speed rail. For example, orders delivered from Beijing to Guangzhou by CRE in less than 24 hours are expected to cost more than 10 percent by air.

Dangdang speeds up: cooperates comprehensively with courier giants

Speaking of the citywide logistics, Dangdang strengthened the cooperation with large-scale third party logistics companies at the beginning of the year for the purpose of promoting the delivery speed and service upgrade. In this way, Dangdang’s service, “111 super speed delivery,” which has covered 400 cities, is a fundamental shift from the traditional outsourcing logistics with low efficiency.

One of the most important steps is the cooperation between Dangdang and large express companies. Dangdang breaks through the logistics value chain, let the couriers enter warehouses and sort orders, and realize a coordinated process from warehousing to delivery. Currently, the number of the delivery cities surpasses 1,800.

Dangdang’s vice president Yao Danqian stressed, “The mode in the past year proves that openness is better than isolation, cooperation is superior to competition. Openness and coordination between E-commerce industry and logistics industry is the general trend. Dangdang will further play the advantage of this pattern, deliver faster than self-built logistics, and accelerate the market expansion of the 3rd and 4th tier cities.”

On the scene, express delivery giants such as Shentong, Yuantong, Zhongtong and Yunda signed strategic cooperation agreements with Dangdang to increase preferential policies, optimize processes, open data and improve collaborative management, compelling the service “111 super speed delivery” to cover more cities and accelerate delivery speed. At the same time, all the parties will cooperate closely with Dangdang on the aspects of individuality service standards, customer delay compensation, logistics sharing between vendors, and mobile technology development.