HAIFA, Israel, June 21, 2021 /PRNewswire/ -- ZIM Integrated
Shipping Services Ltd. (NYSE: ZIM), a global container liner
shipping company, and Alibaba.com, the world's leading B2B
eCommerce platform and a business unit of Alibaba Group (NYSE:
BABA), announced today that they will extend their cooperation
agreement for two more years.
The agreement which enabled Alibaba.com sellers to book and
purchase sea freight on ZIM and logistic services from ZIM
Logistics China, a wholly-owned subsidiary of ZIM, has now been
expanded to include serving Alibaba.com buyers as well. This
collaboration helps Alibaba.com 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. ZIM's extensive network of lines, particularly the
recently introduced dedicated eCommerce express lines, provide
Alibaba.com customers reliable, fast, high quality freight
services, as well as product support and system optimization. The
successful 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.
Eli Glickman, ZIM President
& CEO noted: "Since we launched the initial agreement with
Alibaba.com, it has proven to be a highly successful and mutually
beneficial partnership. We continue to position ZIM as a leading
eCommerce service provider, while creating significant advantages
for customers. It is part of our innovative strategic vision, and
we are very proud to extend and expand this partnership with
Alibaba.com to enhance the customer experience and further
capitalize on growing eCommerce trends."
Kuo
Zhang, General Manager
of Alibaba.com added: "We are happy to
continue our collaboration with ZIM to enhance our ecosystem
designed to bring the best services to global customers quickly. In
the next phase of the collaboration, we can offer global buyers
more options and choices to manage and optimize their supply
chains, and to thrive and succeed in the massive global B2B
eCommerce opportunity."
About ZIM:
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM") is a
global, asset-light container liner shipping company with a
leadership position in the markets in which it operates. Founded in
Israel in 1945, ZIM is one of the
oldest shipping liners, with over 75 years of experience, providing
customers with innovative seaborne transportation and logistics
services, with a reputation for industry-leading transit times,
schedule reliability and service excellence.
About Alibaba.com:
The first business unit of Alibaba Group, Alibaba.com is a
leading platform for global B2B e-commerce that aims to make it
easy to do business anywhere. Launched in 1999, Alibaba.com is
engaged in services covering all aspects of commerce, including
providing businesses with tools that help reach a global audience
for their products and helping buyers discover products, find
suppliers, and place orders online fast and efficiently. It serves
millions of buyers and suppliers from over 200 countries and
regions around the world.
Forward Looking Statements
This release contains certain forward-looking statements (as
such term is defined in Section 21E of the Securities Exchange Act
of 1934, as amended) concerning future events, including
forward-looking statements regarding ZIM's ability to benefit from
the cooperation with Alibaba.com, and the scope of eCommerce
activities in the future. These risks and uncertainties include but
are not limited to factors detailed from time to time in ZIM's
periodic reports and filings with the Securities and Exchange
Commission ("SEC"), including ZIM's Annual Report on Form 20-F for
2020 filed with the SEC on March 22,
2021. ZIM expressly disclaims any obligation to update or
revise any of these forward-looking statements, whether because of
future events, new information, a change in its views or
expectations, or otherwise. ZIM makes no prediction or statement
about the performance of its securities.
ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-8652520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
Alibaba.com Contacts
Roger Zhang
roger.zhang@alibaba-inc.com
Erica Chan
erica.chan@alibaba-inc.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/zim-and-alibabacom-announce-the-extension-of-their-commercial-cooperation-agreement-until-2023-301316213.html
SOURCE ZIM Integrated Shipping Services Ltd.