Core Insights - Jayud Global Logistics Limited has entered into a Strategic Cooperation Agreement with Lazbao Group to enhance its logistics services in Southeast Asia, which is recognized as the fastest-growing e-commerce market globally, with a growth rate of 20.6% in 2022 according to eMarketer [1][2] Company Overview - Jayud Global Logistics Limited is a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics services [4] - The company operates a global network with logistics facilities in 12 provinces in Mainland China and 16 countries across six continents, offering services such as freight forwarding and supply chain management [4] Strategic Partnership - The Agreement will enable Jayud to establish chartered air services in Lazbao's service areas, which include Thailand, Vietnam, Indonesia, the Philippines, and Malaysia [2][3] - This partnership is expected to reduce operating costs for Jayud due to a more stable order flow from Lazbao's e-commerce platform, enhancing logistics efficiency [3] Market Potential - The collaboration aims to leverage Lazbao's extensive market presence and Jayud's logistics capabilities to provide cost-effective solutions for the rapidly growing Southeast Asian e-commerce market [3]
Jayud Global Logistics Partners with Leading Southeast Asian E-commerce Provider Lazbao Group