A leading Chinese logistics and real estate firm has taken a 22 percent stake in a Chinese online platform for matching sea trawlers with onshore buyers.
The Zhuo Er Group – also known as the Zall Group and listed on the Stock Exchange of Hong Kong – has taken the stake in Ningbo Hai Shang Xian Information Technology Ltd. Co., which developed the “Hai Shang Xian” (literally ‘On the Sea Fresh’), allowing fishermen sell their catches while still at sea.
The Ningbo firm, which also provides a wi-fi service to trawlers, will be a good fit for Zhou Er, according to CEO Qi Zhi Ping. Ping pointed to his company’s experience in developing logistics and supply-chain financing services for e-commerce.
Zhuo Er/Zall Group is best known for building and operating the North Hankou International Trade Centre, a giant trading and logistics hub in the central Chinese city of Wuhan. Its other real estate developments include the E Commerce Mart in the coastal city of Tianjin.
