The Israeli shipping company, ZIM and Alibaba.com, the world's leading B2B eCommerce platform, have confirmed the extension of their cooperation agreement for two more years, until 2023.
The agreement which enabled Alibaba.com sellers to book and purchase sea freight on ZIM and logistic services from ZIM Logistics China has now been expanded to include serving Alibaba.com buyers as well.
"In the next phase of the collaboration, we can offer global buyers more options and choices to manage and optimise their supply chains, and to thrive and succeed in the massive global B2B eCommerce opportunity," commented Kuo Zhang, General Manager of Alibaba.com.
This collaboration helps Alibaba.com, a business unit of Alibaba Group, offer its customers a more affordable transit alternative relative to air freight with an easy-to-use interface available directly on the Alibaba.com platform, according to a statement.
ZIM's network of lines, particularly the recently introduced dedicated eCommerce express lines, provides Alibaba.com customers freight services, as well as product support and system optimisation.
The cooperation has been in place since 2020 and the significant growth of eCommerce and demand for freight capacity in the last year have led the parties to deepen their collaboration.
"Since we launched the initial agreement with Alibaba.com, it has proven to be a highly successful and mutually beneficial partnership," Eli Glickman, ZIM President & CEO, noted. "We continue to position ZIM as a leading eCommerce service provider, while creating significant advantages for customers."