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2021 Global Digital Trade Conference concludes; 15 days trade dialogues, 8,500 companies from 100 countries

Building a bridgehead for “dual circulation” between China and the rest of the world

The 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair concluded after 15 days of global trade dialogues, procurement fairs, and live streaming activities. Diplomatic representatives and business delegations from 103 countries and close to 8,500 foreign and Chinese companies participated in the event, achieving a total purchase order of RMB 402.8 billion (S$ 85.0 billion) and attracting 520,000 trade visitors to the event.

Li Jun, Deputy District Mayor of Huangpi District, Wuhan, announcing the results

2021 Wuhan (Hankoubei) Commodities Fair Closing Ceremony

2021 Global Digital Trade Conference successfully concludes

As China’s first large-scale digital trade themed event, the 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair aims to promote the development of China’s digital economy, showcasing Wuhan’s strengths in the global digital trade and driving China’s “dual circulation” strategy, marking a new milestone for the trading system of the future.

Various forums and thematic events on digital technology empowerment were organised to support Wuhan’s vibrant commercial and logistics center development, including the opening ceremony, China’s wholesale market annual meeting, cross-border cooperation promotion events, and the digital trade and technology thematic conference. The conference focused on current digital trade issues, providing a platform that facilitated discussions and exchanges around the development of the digital economy and trade to build a bridgehead for “dual circulation” between China and the rest of the world.

A new white paper on Global Digital Trade was also launched at the event, shedding insights into the current development of digital trade from the existing digital infrastructure, policies, technologies, and capital. The paper analyses how digital technologies and supply chain services can bring about profound changes to global trade and the development prospects of digital trade. Experts and scholars also highlighted the importance of the digital economy as a key driver for China’s “dual circulation” development strategy, with Wuhan among China’s most promising cities for the digital economy.

Fifteen leading national enterprises and institutions, including Digital China, Alibaba, Ant Group, and JD Group have signed a cooperation proposal to increase investments and support Wuhan’s construction of a national trade and logistics center in Central China. ZALL Smart Commerce Group also signed a digital service agreement with 15 wholesale markets across China, including Shandong Linyi Trade City, Chengdu Hehuachi Market and Shenyang Wuai Market Clothing City to promote digital upgrading of China’s national wholesale markets.

The diverse formats and trade activities of the Wuhan (Hankoubei) Commodities Fair exemplify how “goods sell well when they reach Hankou” during the new era. The event attracted China’s well-known brand manufacturers and popular products, featuring 39 commodity-themed exhibition areas across the country, including Guangdong Pavilion, Hunan Pavilion, Chu Chamber of Commerce, Jiangxi Pavilion, and Hubei’s 17 cities and prefectures. A total of 30 themed commodity trade activities were held during the event to promote Hubei’s local brands and culture, and 113 procurement events were organized to support domestic consumption, including the Hankoubei Hotel Supplies Expo, the first Wuhan-style Children’s Clothing Trade Fair; and China’s National Footwear Brands Exhibition.

The integration of domestic and foreign trade, and building a bridgehead for “dual circulation” between China and the rest of the world is a key objective of this year’s flagship event that aims to promote the development of a high-level open world economy. Accolades were received from hundreds of diplomatic representatives and foreign business delegates regarding Wuhan’s efforts to promote commodities trade and support economic, trade, and technological exchanges. 80% of the international trade platforms that participated were first-timers. They include cross-border e-commerce expo, Hubei’s export-to-domestic trade fair, eight cross-border e-commerce platforms, such as Amazon, eBay, Wish, Newegg, and 50 cross-border service organisations, including PingPong Payments. The European Pavilion, Shanghai Cooperation Pavilion, and ASEAN Pavilion were also launched and featured products from more than 50 countries.

About ZALL Smart Commerce Group
ZALL Smart Commerce Group (HKG:2098) is a leading Chinese B2B e-commerce group (ranked 155th in Fortune China 500, 2021) with a global footprint across the world and its companies listed on four exchanges: HKSE, NYSE, SSE and SZSE. 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 million 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. See http://en.zallcn.com.

Since 2018, ZALL has invested in five projects in Singapore, including ezbuy.sg, Singapore’s leading global online shopping platform; ZMA Smart Capital, an online trade finance company; ZALL Chain Technology, a blockchain solutions company, and the Commodities Intelligence Centre (CIC), Singapore’s first physical commodity eTrading platform (B2B) powered by blockchain technology, see https://www.cic-tp.com.

2021 Global Digital Trade Conference hosts “Digital Trade and Technology” themed event

The 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair presented Digital Trade and Technology, a thematic keynote event, on October 13 in Wuhan, Hubei Provence, China. More than 300 distinguished guests, including experts and scholars in the digital economy, shared new insights on digital trade under China’s new “dual circulation” development strategy, and on the future of the global digital economy.

The Main Conference Hall, 2021 Global Digital Trade Conference & Wuhan (Hankoubei) Commodities Fair, for the thematic keynote “Digital Trade and Technology”, in Wuhan, Heibei Provence, on October 13. The event on-/off-line runs through October 26.

Jiang Wei, Standing Committee-member Wuhan Municipal Party Committee and Vice-Mayor of Wuhan encouraging conference attendees to take advantage of digital trade development opportunities in Wuhan for new businesses and tech innovations.

Organizer/host Qi Zhiping, CEO, ZALL Smart Commerce Group, joins entrepreneurs Qian Xiaojun, CEO, Beijing United Information Technology; Mu Xiaohai, Vice President, JD Cloud Business Group; Sun Wei, CEO, Shenzhen Sinoagri; and Huang Jianwen, Chairman, pao400, for panel “Industrial Development in the Digital Economy Era”. [All images: ZALL Smartcom]

This new technological revolution and industrial transformation brought about digital trade, significantly impacting the trading sector, fostering new business models and trading patterns. This has reshaped the global industrial chain, supply chain, value chain and innovation chain, becoming a major driving force for economic globalization.

As one of the key highlights of the Global Digital Trade Conference, the “Digital Trade and Technology” event aims to become the leading platform that facilitates discussions, exchanges, and conversations around global digital trade.

Jiang Wei, Standing Committee member of the Wuhan Municipal Party Committee and Vice Mayor of Wuhan, delivered a speech that addressed Wuhan’s geographic location and transportation advantages, vibrant commercial hub, and quality modern logistics infrastructure laying the foundation to advance the development of Wuhan’s digital trade and economy. Wuhan has introduced a series of policies to promote development of the digital economy with much success. Jiang Wei welcomed all attendees to take advantage of the digital trade development opportunities and invest in Wuhan for their new businesses and technological innovations.

Internationally renowned speakers including Dr Finn E. Kydland, Norwegian economist and winner of the 2004 Nobel Prize in Economics; Yoshinori Ogawa, Executive Director, Marubeni Corporation and Managing Director, Marubeni China; Wu Ying, Chairman of the Digital China Federation; Liang Rubo, CEO of Bytedance; Jiang Guofei, Vice President of Ant Group; Loh Boon Chye, Vice Chairman, World Federation of Exchanges (WFE) and CEO, Singapore Exchange (SGX); Tian Ning, Chairman of the Board of the Panshi Group delivered keynote addresses, sharing new insights into the development trends of the global digital economy, the integration of digital trade and technology, and industrial supply chain innovation and transformation.

Host organizer Qi Zhiping, CEO of ZALL Smart Commerce Group, joined entrepreneurs Qian Xiaojun, CEO of Beijing United Information Technology; Mu Xiaohai, Vice President of JD Cloud Business Group; Sun Wei, CEO of Shenzhen Sinoagri; and Huang Jianwen, Chairman of pao400, for an in-depth panel discussion around the development and transformation of traditional industries in the digital economy era.

iResearch Consulting, China’s leading data research organization, presented a new white paper on Global Digital Trade during the event. Li Chao, a Chief Analyst at iResearch and Executive Dean of iResearch Institute, presented their findings. The white paper shares the current development of digital trade from the existing digital infrastructure, policies, technologies, and capital. It also analyzes in-depth how digital trade has redefined traditional trade across production, transaction and supply chain.

The whitepaper looks at five major industries: agriculture, steel, plastics, wholesale and cross-border trade, along with the business models of renowned Chinese and global digital trading companies. It analyzes the profound changes digital technologies and supply chain services bring to the global trade industry, highlighting the growth momentum of digital trading companies and their financial market prospects. The paper suggests that with continued industry upgrading and business segmentation, there will be opportunities for digital trade services and ecosystem-based platforms to create new industrial supply-demand relationships and ecological synergies.

Themed “Intelligent Connectivity . Global Trading”, the 2021 Global Digital Trade Conference is organised by the Hubei Provincial People’s Government; supported by the All-China Federation of Industry and Commerce; co-organised by the Wuhan Municipal People’s Government and the Department of Commerce of Hubei Province; and executed by the Wuhan Huangpi District Government, Wuhan Municipal Bureau of Commerce, Hankoubei Group and ZALL Smart Commerce Group.

The Wuhan (Hankoubei) Commodities Fair is organized concurrently and features hundreds of procurement hubs and thousands of live streaming activities, pushing global industrial and supply chains towards digitalization and intelligent connectivity while promoting high-quality economic development and global trade. Running through October 26, 2021, the event has attracted representatives from 100+ countries, as well as over 10,000 merchants, experts and scholars. (en.hubei.gov.cn)

Contact: ZALL Smart Commerce Group, http://en.zallcn.com, e: ZALL@preciouscomms.com

Loh Boon Chye, CEO of SGX: Strengthen market connectivity and capital flows, and support China’s internationalisation

To achieve its Five-Year Plan – including its dual circulation and new development strategies, China has continued to promote innovation, digital trade, and sustainable development, making a significant difference in the global landscape.On 13 October, Loh Boon Chye, Vice Chairman of the World Federation of Exchanges (WEF) and CEO of the Singapore Exchange (SGX), delivered his video speech at the Digital Trade and Technology thematic event during the 2021 Global Digital Trade Conference and the Wuhan (Hankoubei) Commodities Fair.

Loh Boon Chye, Vice Chairman of WEF and CEO of SGX delivering his speech at the 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair thematic event “Digital Trade and Technology”

As an international multi-asset exchange, SGX is a strong supporter of China’s internationalisation efforts across equities, fixed income, currencies, and commodities, and ultimately its economic growth, as capital flows and trade flows are inseparably linked. Loh says that the defining trends of our time, whether in digitalisation or sustainability, are borderless, and collaboration is essential to harness their fullest benefits.

At the same time, SGX continues to look for ways to strengthen market connectivity between Singapore and China, and Southeast Asia. SGX’s Loh feels that Southeast Asia is fast leapfrogging in digitalisation, as reflected in an increasing number of technology unicorns. Technology is another means to enhance greater connectivity across borders and across multiple asset classes. “Digitalisation has the potential to transform the efficiency of capital markets and advance Asia’s capital markets infrastructure,” says Loh.

Loh Boon Chye shared that Singapore has recently announced a range of initiatives to serve as Asia’s leading enterprise financing hub, including establishing an investment fund, a Growth IPO Fund, and enhancing its Grant for Equity Market Singapore scheme. “We are continuing to build a more conducive ecosystem that enables growth capital for companies across their different stages of development, supporting Chinese enterprises as they expand globally.

With the unique position at the centre of the market ecosystem, Exchanges play an important role in their countries’ economic development and sustainable society. In closing, Loh reiterated SGX’s commitment to support China in its internationalisation journey and look forward to greater collaboration opportunities and mutual success.

ZALL Smart Commerce Group (2098.HK) increased revenue by 40.3% in 1H2021, aims for RMB100 billion on year

ZALL Smart Commerce Group (ZALL; 2098.HK), Asia’s largest B2B e-commerce group, today announced its results for the first half 2021 (January 1 – June 30, 2021). ZALL’s revenue rose by 40.3 per cent year-on-year to RMB 50.16 billion (US$7.76 billion), on the back of stronger Group operating capacity. Gross profit rose to RMB 607 million (US$93.96 million), an increase of 8.1 per cent year-on-year, and profitability remained stable.

Revenues from ZALL’s offline wholesale markets and online Industrial Internet platforms such as Shenzhen Sinoagri, ZALL Steel, and Huasuhui steadily increased, benefitting from the gradual increase of services in ZALL’s ecosystem, spanning wholesale trade markets, agriculture, steel, plastics and chemicals and other industries. Supply chain services such as finance, warehousing, and logistics also continued to empower upstream and downstream customers in the industry value-chain, laying a solid foundation for rapid growth.

Previously, ZALL embarked on a new strategic rebrand and is committed to becoming the world’s largest digital trade platform. The Group looks to incorporate “New Trading Methods” and use advanced digital technologies, such as Big Data, Artificial Intelligence and Blockchain to achieve this goal.

Mr Qi Zhiping, CEO of ZALL Smart Commerce Group said: “ZALL will focus on innovation and the development of digital trade, leveraging data as the driving force to build a new B2B digital trade ecosystem and improve the efficiency of the industrial chain.”

New brands, New directions, New trends

During the first half of 2021, the Group saw a growth in customer loyalty as its industry vertical platforms such as Shenzhen Sinoagri, ZALL Steel, and Huasuhui expanded into subcategories to provide practical, efficient and convenient supply chain services for upstream and downstream customers in the industry value-chain:

– Shenzhen Sinoagri has been enhancing their online trading of cocoon silk, sugar, and expanded to include live pigs, corn, coffee and other product categories.
– ZALL Steel has successfully passed the CMMI3 international certification, and its SaaS cloud service was significantly upgraded.
– ZALL Steel Warehouse (Fengshan Port) was successfully inaugurated, and its supply chain service system was gradually improved.
– Huasuhui’s supply chain financial service “Plastic Loan” celebrated its first anniversary since its launch and has helped nearly a thousand Micro-, Small- and Medium-Enterprises (MSMEs), enabling a coordinated development ecosystem of industry and finance.
– Leveraging the service capabilities of ZALL’s intelligent trading ecosystem to interconnect domestic and international resources, Zallgo facilitates commodity trade flow between wholesale markets and commodities, creating a trillion-level market of commercial tools through digital empowerment, and is committed to becoming a super portal for industrial Internet transactions and services.
– ZALL’s offline flagship project, North Hankou International Trade Centre (“North Hankou”) actively promotes the integrated development of traditional commerce and live streaming e-commerce. The industry ecology of the live-streaming trade has started to develop, with orders happening at major specialised trading markets in an orderly manner, and the construction of 12 major projects of Wuhan International Trade City progressing smoothly after its upgrade. North Hankou is overall ranked second among China’s commercial markets, and is China’s largest and the world’s leading commercial and logistics platform.

ZALL has also established integrated online and offline development while contributing to China’s economic circulation. As a leader in global digital trade, ZALL established ZALL International Trade Group to service MSMEs that is committed to becoming a large-scale comprehensive import and export trade group that “buy from the world and sell to the world”. Its principal businesses include operating the national pilot market for foreign trade, comprehensive foreign trade services, and import and export trade. The Group’s commodities marketplace, Commodities Intelligence Centre (CIC) uses blockchain technology to provide one-stop cross-border B2B trade to support the entire process of commodity-related transactions, helping companies uncover new business opportunities, reduce transaction costs, and achieve greater trading synergies globally.

ZALL’s robust strategic layout and strong operating capabilities are highlighted in the integration of domestic and foreign trade, both online and offline, and the construction of an efficient supply chain service system. During the first half of 2021, ZALL continues to provide services such as smart warehouse logistics and supply chain finance. Powered by information technology, smart warehouse logistics uses Internet of Things (IoT) to integrate automation, informatization, and Artificial Intelligence (AI) technologies for cargo delivery and storage applications, and has helped companies to reduce costs and increase efficiency. Supply chain financial services such as “factory loans” and “supply-guaranteed E-loans” use real-trading scenarios to promote enterprise innovation through the integration of industry and finance, optimizing the overall capital flow of the industrial supply chain, and improving circulation efficiency.

In addition, ZALL is committed to help companies kickstart their business growth through data technology. During the first half of the year, Wuhan City announced their first batch of 271 digital economy application scenario projects. Two solutions developed by ZALL Research Institute, a subsidiary of ZALL, were selected. They include “Banking Financial Product Data Mutual Trust Project based on Low Code Blockchain Solutions” and “Data Cross-Chain Platform based on Privacy Protection”. This has further enhanced commercial efficiency in the digital realm.

Coupled with its Corporate Social Responsibility (CSR) efforts, as well as its extraordinary achievements in promoting the digitalisation of traditional enterprises, ZALL has been growing its influence in the field of digital trade for many years. These accomplishments have been widely recognised by the government, financial and industry leaders, media and the general public. During the first half of 2021, ZALL has consecutively won the best new economy award; the most value-added company award; Top 10 listed China Industrial Internet companies; Top 100 in China Industrial Internet (Industrial Digitalization); Hubei’s Best Hong Kong Stock Listed Company among other awards, and was ranked 155th in the Fortune China 500 list in 2021.

In 2020, ZALL achieved a revenue of RMB 72.769 billion (US$11.27 billion), in line with expectations. With steady growth of 40 per cent in 2021, ZALL is expected to achieve RMB 100 billion (US$15.49 billion) in revenue this year and reach the top echelon of the industrial digital trade industry. Through this process, ZALL intends to emerge as a leader in new trading methods, while maximising the value of digital trade, and becoming the world’s leading digital trade platform.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (ranked 155th of Fortune China 500 companies) with a truly global footprint, and its companies trading worldwide: HKSE, NYSE, SSE and SZSE. 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 million 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.

Yan Zhi: Promote the Entrepreneurial Spirit in Global Expansion

China’s top executives from state-owned and private enterprises recently gathered for a press conference organised by China’s State Council Information Office (SCIO) in Beijing to talk about entrepreneurship and the role of innovation in the development of enterprises. The event saw participation from among China’s top business leaders including Ning Gaoning, Chairman of Sinochem; Liu Yonghao, Chairman of New Hope Group; Zhou Yuxian, Chairman of China National Building Materials Group; and Yan Zhi, Chairman of ZALL Group (“ZALL”).

Yan Zhi, Chairman of ZALL Holdings Ltd (Photo credit: The State Council Information Office of China)

Yan Zhi, Chairman of ZALL shared, “I feel that it is very important, especially during this unprecedented crisis, such as the Covid-19 pandemic, to promote the entrepreneurial spirit which is a mindset that embraces the love for his or her hometown; social responsibility; positive attitude; and innovation. ZALL has managed to grow our footprint across the world underpinned by our values as we ride the wave of globalisation and innovation, and I envisaged this trend to continue.”

As one of the first companies in China to operate traditional wholesale markets, logistics, and ports, ZALL has developed Asia’s largest B2B offline-to-online trading ecosystem in China and Southeast Asia. Combining online platforms, offline marketplaces and supply chain networks, ZALL empowers customers, merchants and enterprises with access to more convenient, efficient and accurate services, from trading, logistics to property and finance.

“We are developing a new generation of global intelligent trading platform powered by the application of new advanced technologies, such as Artificial Intelligence, Blockchain, Big Data, and modern supply chain management that will become the driving force and catalyst for China’s “dual-circulation” economy,” added Mr Yan.

ZALL Smart Commerce Group., the global e-commerce entity under ZALL, recently reported that 2020 first half-year revenue grew by 3 per cent year-on-year to reach RMB 35.76 billion (USD 5.24 billion), and achieved net profit of RMB 281 million (USD 41.14 million), despite the impact of the Covid-19 pandemic. Revenues from supply chain management and trading business largely contributed to the Group’s total turnover at around RMB 34.96 billion (USD 5.12 billion).

Commodities Intelligence Centre (CIC), Singapore’s first physical commodity B2B e-trading platform powered by blockchain technology also saw revenues cross USD 1 billion in its 2020 first-half revenues, surpassing its entire 12 month revenues from 2019. As a joint venture between ZALL Smart Commerce Group Ltd., Singapore Exchange (SGX) and Global eTrade Services (GeTS), CIC offers a global intelligent trading platform to more than a dozen countries, helping companies to reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics, compliance and risk management; achieving greater trading synergies globally.

ZALL is also one of the nine bidders who made the shortlist for the Singapore wholesale digital banking license with only three licenses set to be awarded by end-2020. The digital bank foray will mark ZALL’s fourth major project in Singapore since 2018, as it aims to bridge the funding gap and support the expansion of local SMEs and micro-SMEs into Asia.

With a strong commitment towards social responsibility, ZALL was the first company to activate and mobilise their global supply chain networks and resources to deliver emergency supplies within 48 hours of the lockdown to the Wuhan epicentre. The Group has provided 11 air cargo shipments of medical supplies, including masks, and personal protective gear to 556 hospitals and medical institutions in Hubei province in China, and has setup seven emergency hospitals and three fangcang sheltered hospitals to alleviate the severe hospital bed shortage at the epicentre.

Beyond supporting China’s fight against Covid-19, ZALL has stepped up efforts to empower governments around the world in the fight against Covid-19, and has published two e-books that is translated into more than 20 different languages to share their knowledge and experience with fighting the pandemic in China and Wuhan. The Group also donated a total of RMB 185 million of medical supplies to 16 countries and regions around the world, including Singapore and affected countries, such as Japan, France, Czech Republic, Cambodia, Indonesia, Peru, Ecuador as well as Central And West African countries.

“As an entrepreneur, the basic spirit that one must have is to love one’s country and hometown, and if one is not even able to love their hometown, we can’t really expect them to love anything else,” said Yan Zhi.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (ranked 166th of Fortune China 500 companies) with a global footprint across the world and is 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. For more information, please visit http://en.zallcn.com/

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ZALL Group Donates 1 Million Surgical Masks to Singapore Red Cross (SRC) in Support of Singapore’s Fight against COVID-19

China-based ZALL Group (ZALL) has donated one million surgical masks to the Singapore Red Cross (SRC). The shipment arrived in Singapore yesterday from China on Singapore Airlines flight SQ8259, and was delivered by ezbuy.sg land transportation fleet. The goodwill gesture underscores the strong collaboration between the international community and Singapore corporations including Singapore Airlines (SIA), in supporting SRC’s response efforts towards the vulnerable groups in Singapore – in particular the migrant workers, the elderly, and frontline workers – as they tackle the COVID-19 global pandemic. The donation is one of several humanitarian aid initiatives by ZALL to shore up preparedness and resilience of countries during the coronavirus outbreak.

Group photo of ZALL, Singapore Red Cross, Singapore Airlines. From left: Ms Charis Chan, Associate Director of Singapore Red Cross; Mr Lee Wei Hsien, Director of ZALL Group; Mr Peter Yu, CEO of ZALL Group International; Mr. Benjamin J William, Secretary-General from Singapore Red Cross; Mr Mohamed Rafi Mar, Vice President of Singapore Airlines Cargo; Ms Iris Chong, Director of Singapore Red Cross (Photo credit: ZALL Group)

ZALL Group donates one million masks to Singapore (handover). From left: Mr Peter Yu, CEO of ZALL Group International, and Mr. Benjamin J William, Secretary-General from Singapore Red Cross (Photo credit: ZALL Group)

Surgical masks being loaded onto the Singapore Airlines flight at the Shanghai Pudong International Airport (Photo credit: Singapore Airlines)

“The Singapore Red Cross is grateful to the ZALL Group for its donation of one million surgical masks in support of the vulnerable groups in Singapore. The masks are a precious resource, and we will be distributing them to thousands in these vulnerable groups. The masks will also help protect our frontline staff and volunteers as they serve the most vulnerable in our community, like the elderly living alone, the severely disabled in our Red Cross Home for the Disabled and the migrant workers living in the dormitories. I am glad that corporates like the ZALL Group have stepped forward to help boost our COVID-19 local response efforts,” said Mr Benjamin William, Secretary General/CEO, Singapore Red Cross.

“Singapore Airlines plays an important role in transporting essential medical supplies and other equipment that support Singapore’s battle against the Covid-19 pandemic. We are pleased to work with ZALL on this initiative, which helps to increase the supply of face masks and safeguards the general public health,” said Mr Chin Yau Seng, Senior Vice President Cargo, Singapore Airlines.

ZALL Group, Asia’s leading business-to-business (“B2B”) e-commerce group, was the first company to respond and deliver emergency medical supplies to Wuhan on 26 January within 48 hours of the city’s lockdown, riding on their global end-to-end supply chain capabilities, networks and resources in Asia. As the coronavirus outbreak widened rapidly in Asia and around the world, ZALL further expanded its manufacturing capabilities to produce face masks, with a production capacity of more than three million masks a day, and has worked with governments, embassies and civil aviation authorities across Asia to provide medical aid and equipment to curb the spread of the virus. The Group recently also partnered Alibaba to launch two ebooks to share their knowledge and experience on Fangcang shelter hospitals and emergency hospitals that has been published in more than 20 different languages to empower governments around the world in their fight against COVID-19.

Singapore is the first country outside China that ZALL is providing medical supplies, and the Group will be supplying Singapore, including this donation, with a total of more than 2 million surgical masks this month. ezbuy.sg, a subsidiary of the Group, has also donated and distributed over 300,000 masks to all people living in Singapore via http://www.ezbuy.sg/getmask/. To date, 100,000 families have received masks from ezbuy.sg. Beyond Singapore, ZALL will also be sending medical supplies to other affected regions across more than 10 countries around the world, such as Japan, France, Czech Republic, Indonesia, India, Peru and Ecuador, as well as Central and West African countries, including Cameroon, Congo, Nigeria, Niger, Mali, and Burkina Faso.

Mr Peter Yu, Chief Executive Officer of ZALL Group International commented, “Singapore is an important market in our long-term growth strategy as we continue to grow our investments in the region. The severity of the coronavirus outbreak requires everyone to play a part to alleviate the crises, and we are committed to supporting Singapore’s efforts to fight the outbreak. We will also leverage on Singapore’s strengths as a regional hub and its excellent connectivity with the rest of the world to provide assistance through Commodities Intelligence Centre (CIC), ezbuy.sg and our technology-enabled ecosystem to areas where there are shortages in medical aid and equipment.”

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; 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.

About ZALL Group

ZALL Group is a leading Chinese B2B e-commerce group (ranked 166th of Fortune China 500 companies) with a global footprint across the world and is 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 also has a virtual banking licence and currently operates Z-Bank in China since 2017, one of China’s leading digital banks that has supported more than 5.5 million SME and individual customers. For more information, please visit http://en.zallcn.com/

About ezbuy.sg

ezbuy.sg is Singapore’s first home-grown and largest cross-border B2C shopping platform managed and owned by LightInTheBox Holding Co., Ltd, a global e-commerce company listed in New York Stock Exchange (NYSE: LITB). ezbuy.sg offers an extensive selection across various product categories, including fashion, home & living, mother & kids, consumer electronics, beauty & health, office supplies, sports & outdoors and automotive, that provides the most convenient and cost-saving way to bring products from China, USA, Taiwan, and Korea to every Singaporean. For more information, please visit https://ezbuy.sg/

About the Singapore Red Cross

Singapore Red Cross is a homegrown humanitarian organisation, dedicated to relieving human suffering, protecting lives and dignity, and responding to emergencies since 1949. We serve the vulnerable through our blood donor recruitment programme, home and day activity centre for the disabled, transport aid, family life aid, and community first aid. We build capacity and resilience through our training academy, and volunteer and youth development. Beyond our shores, we mobilise and translate contributions from the donor community to relief and recovery, rehabilitation and reconstruction efforts, with the aim of helping communities affected by disasters. For more information, please visit https://redcross.sg/.

About Singapore Airlines

The SIA Group’s history dates back to 1947 with the maiden flight of Malayan Airways Limited. The airline was later renamed Malaysian Airways Limited and then Malaysia-Singapore Airlines (MSA). In 1972, MSA split into Singapore Airlines (SIA) and Malaysian Airline System. Initially operating a modest fleet of 10 aircraft to 22 cities in 18 countries, SIA has since grown to be a world-class international airline group.

SIA is the world’s most awarded airline, and is committed to the constant enhancement of the three main pillars of its brand promise: Service Excellence, Product Leadership and Network Connectivity. The SIA Group fleet and network have expanded in support of the development of its portfolio strategy, in which it has investments in both full-service and low-cost airline operations. This portfolio of airlines serving short-, medium- and long-haul markets gives the SIA Group more flexibility and nimbleness, with the right vehicles to serve the right markets.

In 2018, Singapore Airlines launched the world’s longest commercial flight, with non-stop services between Singapore and New York, as well as non-stop services between Singapore to Los Angeles, and increased non-stop services to San Francisco, using the new Airbus A350-900ULR (ultra-long-range). In September 2019, Seattle became the fifth US city in Singapore Airlines’ route network – and the fourth to be served non-stop from Singapore.

SIA has invested in new-generation passenger aircraft, which means that it has one of the youngest airline fleets in the world. Operating these fuel-efficient aircraft such as Airbus A350s and Boeing 787s allows SIA to substantially reduce its carbon emissions, and support its goal of operating a more sustainable business.

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