Tag: Zall

ZALL Makes Headway in Global Digital Trade with New Strategic Rebrand

ZALL Smart Commerce Group (ZALL), Asia’s largest B2B e-commerce group, looks to become the world’s leading global digital trade platform with its new strategic rebrand. It aims to create an open and interconnected B2B trading ecosystem between China and ASEAN, and to drive the rapid growth and development of industries and businesses through the use of new trading methods and advanced technologies.

With the strategic rebrand, ZALL aims to create value through its global intelligent services across B2B transactions, supply chain services and digital cloud services, transforming industrial value chains across the region and enabling businesses to improve overall efficiency. ZALL currently serves around 30 B2B platforms in China, the United States and Singapore, to millions of SMEs worldwide. It has also been investing heavily in the development of next-generation intelligent trading platforms to help empower seamless data exchange across platforms integrating information, logistics and capital flows across wholesale and commodities, retail trade and logistics industries in China and Singapore.

Testament to their hard work and effort, ZALL and its Singapore-based international trading platform, Commodities Intelligence Centre (CIC), were recently conferred the prestigious Gold and Silver Awards at the 2021 Asia-Pacific Stevie Awards during the virtual awards ceremony held on 14 July 2021. It is a major achievement for the teams as it highlights ZALL’s dedication towards transforming global trade and supply chains since its strategic rebrand.

Peter Yu, Executive Vice President of ZALL Smart Commerce, Singapore, shared, “As the world continues to adapt and rise up to the challenges posed by the pandemic, we wanted to focus our efforts on digital innovation, creating an even more resilient and sustainable global trade and supply chain ecosystem. This can be done by incorporating data and digital technologies into every part of the industrial value chain, from both the demand to the supply side. With our expertise in Artificial Intelligence, Big Data and Blockchain, we believe we are well-positioned to help businesses worldwide adopt innovative technologies to succeed in the new digital world order.”

On the back of its strong technology research and development capabilities, ZALL was also ranked 58th in the ‘2020 Global Blockchain Invention Patent Ranking’ published by the incoPat Innovation Index Research Center. ZALL’s research institute was granted more than 200 intellectual property rights last year, namely in the fields of blockchain, artificial intelligence and big data. Recognising the complexity and difficulty of adopting blockchain for many enterprises, ZALL recently launched ‘Z-Block Gateway’, a blockchain Backend-as-a-Service (BaaS) solution that is both low-code and easy to operate and deploy across various industries and mainstream cloud servers.

Alongside ZALL, CIC has also launched “CORP INFO” that offers “Know-Your-Counterparty” and “Credit Info” services to help SMEs manage their business risks by being able to verify and conduct due diligence on prospective business partners and counterparties before engaging in official dealings. Companies will have access to a range of essential business information such as business registration, historical background, holding companies, shareholders, legal and financial activities, lawsuits and related risks of more than 200 million companies and 2.1 billion trade records in Singapore, China and other parts of the world to help businesses better identify their counterparties.

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionise commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit https://www.cic-tp.com/.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (Fortune” China Top 500 list in 2020) with a global footprint across the world and its entities are listed on three exchanges on HKSE, NYSE and SSE. ZALL Group develops and operates Asia’s largest B2B offline-to-online trade ecosystem in China and Southeast Asia, including Singapore, with more than 30 B2B platforms in China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 mil SME customers worldwide. ZALL has also obtained a virtual banking licence and currently operates Z-Bank in China since 2017, one of China’s Top 5 digital banks that has supported more than 5.5 million SME and individual customers.

Since 2018, ZALL has invested in five projects in Singapore, including the Commodities Intelligence Centre (CIC), Singapore’s first physical commodity eTrading platform (B2B) powered by blockchain technology; ezbuy.sg, Singapore’s leading global online shopping platform; ZMA Smart Capital, an online trade finance company; ZALL Chain Technology, a blockchain solutions company. For more information, please visit http://en.zallcn.com/

ZALL Smart Commerce Sends Medical Supplies from Across Asia to Fight the Outbreak

SINGAPORE – (ACN Newswire) – ZALL Smart Commerce Group (ZALL), the premier e-commerce group in Asia, is leading the charge to provide medical supplies and humanitarian aid to the field hospitals and quarantine facilities in Hubei and Wuhan, as they continue their battle against the coronavirus (2019-nCoV) outbreak.

To date, ZALL has provided six air cargo shipments of emergency medical supplies, including masks, protective clothing, goggles, gloves, and disinfectants sourced from Asian countries including Cambodia, India, Japan, and the Philippines for the equivalence of RMB60 million (S$11.9 million).

Mr Peter Yu, ZALL Deputy Chief Executive said, “We were the first company to react to the shortage of medical resources in Wuhan, mobilizing partners across the Asian region to deliver emergency medical supplies including 3.2 million facemasks and 210,000 of medical protective clothing on 26 January, within 48 hours of the city’s lockdown, tapping our global end-to-end supply chain networks and resources in Asia.”

On the ground, ZALL partnered with local facilities to set up seven emergency hospitals and two quarantine field facilities in Wuhan and Hubei comprising of 7,500 beds, helping to alleviate the severe hospital bed shortage at the epicentre, and donated 10 new negative-pressure ambulances to transport coronavirus patients.

Since the lockdown, all flights and passenger train services from Wuhan have been cancelled and stopped, while intra-city transport such as buses, subways, and ferries are being suspended. The Hubei government has further imposed a ban on vehicle transport across the province to curb the spread of the virus.

Despite these restrictions, ZALL was able to secure the assistance of governments, embassies and civil aviation authorities in China, Cambodia and Japan, designating green lanes for expedited customs clearance, and arrange air cargo shipments for the emergency medical deliveries to Hubei and Wuhan.

“We have our eyes on global supply chains, and our immediate efforts have been to provide assistance to areas where we are seeing the greatest shortages in medical aid and equipment. We have been working with our best efforts to alleviate the crises,” added Mr Yu.

ZALL incorporates environmental and social sustainability as part of its long-term growth strategy, and has invested in a number of sustainable development initiatives across the region. These include building schools to provide equal access to quality education, supporting the breeding of critically endangered species to protect terrestrial ecosystems and biodiversity, investing in clean and affordable energy to tackle climate change, and digital banking to cater to the underserved SMEs and retail customers in Asia.

Since 2018, ZALL has invested in four projects in Singapore, including the Commodities Intelligence Centre (CIC), Singapore’s first physical commodity eTrading platform (B2B) powered by blockchain technology; ZMA Smart Capital, an online trade finance company; ZALL Chain Technology, a blockchain solutions company; and the recent application for the Singapore digital banking licence. Through these and future initiatives, ZALL hopes to contribute to the development of digital finance, blockchain solutions and the trading ecosystem in Singapore.

[1] The seven emergency hospitals and two quarantine facilities are ZALL Changjiang Emergency Hospital; ZALL Jianghan Emergency Hospital; ZALL Dabieshan Emergency Hospital; ZALL Panlong Cheng Emergency Hospital; ZALL Luotian Emergency Hospital; ZALL Jingjiang Emergency Hospital; ZALL Suizhou Emergency Hospital; ZALL (Wuhan Keting) Quarantine Facility; Wuhan International Exhibition Centre ZALL (Jianghan) Quarantine Facility.

[2] ZALL donated RMB60 million towards building the Sanli Fan Dehe Primary School with 36 classes for over 1,500 students in support of access to quality education worldwide.

[3] ZALL supports the breeding program of the Aythya Baeri (Baer’s Pochard), a critically endangered diving bird, to protect terrestrial ecosystems and biodiversity. Only 1,000 remain globally, of which 300 gather in Wuhan.

[4] ZALL invests in affordable and clean energy, cooperating with mining companies such as Indonesia’s PT AME, to enable independent power plants to generate less coal ash and comply with global emissions standards through clean coal technology. ZALL further facilitated the shift towards clean energy with the international procurement and distribution of LNG in China through Singapore.

[5] ZALL operates Z-Bank, a digital bank in China which supports more than 12 million SMEs and retail customers (as of 12/2019). The Group currently leads a consortium for the digital bank license in Singapore.

About ZALL Smart Commerce Group Ltd

ZALL (2068.HK) is Asia’s leading business-to-business ( B2B ) e-commerce group, with a footprint wrapping the globe. ZALL is engaged in businesses across many sectors, including the property development of wholesale trade centres; hotels, exhibition and tourism; port construction and operation, port and warehouse leasing, logistics services and supply chain management and trading services; e-commerce platforms; and digital banking business.

ZALL develops and operates Asia’s largest B2B offline-to-online trade ecosystem, in China / Southeast Asia / Singapore, with more than 30 B2B platforms across China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL achieved a GMV of more than RMB 600 billion (US$85.2 billion), serving over 1 mil SME customers worldwide. For more information, please visit http://en.zallcn.com/

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