Y3 Technologies, a Singapore-based logistics and supply chain solutions provider, has entered into a joint venture agreement with Chongqing Transportation Holdings (Group), a Chinese logistics company to accelerate the logistics industry’s growth in Western China. The joint venture aims to bring together Chongqing Transport Group’s operational expertise and wide market reach and Y3 Technologies’ technological capabilities to transform Western China’s logistics ecosystem, especially in Chongqing.
The signing ceremony was held last week in Chongqing in the presence of industry leaders from China-Singapore (Chongqing) Demonstrative Initiative on Strategic Connectivity Administrative Bureau. This joint venture is facilitated under the Chongqing Connectivity Initiative (CCI), Singapore’s third Government-to-Government (G2G) collaboration with China, and is supported by International Enterprise Singapore and Chongqing Transport Bureau.
“The depth of collaboration between the two companies will allow for the exchange of our resources and technological expertise. This will ultimately help to promote digitalization among logistics enterprises in Chongqing, aligned with nation’s One Belt One Road Initiative,” said Zhang Guo Hua, General Manager, Chongqing Transport Holdings Group.
Through CCI and China’s “One Belt One Road” Initiative, Y3 Technologies claims to be working towards enhancing international connectivity from China to ASEAN, and from Singapore and ASEAN into China.
The company is looking forward to leverage this joint venture with Chongqing Transport Holdings to help companies in Chongqing and the western region of china to leapfrog in the areas of supply chain technology adoption and Big Data Analytics,” said Marc Dragon, CEO, Y3 Technologies.
“Through this partnership, we aim to jointly enable Chongqing as an integrated multimodal hub, aimed at deepening regional and international transportation connectivity in Western China. This collaboration also holds tremendous significance with respect to China’s “One Belt One Road” initiative and will help to further strengthen China’s logistics ecosystem,” said Marc Dragon, CEO, Y3 Technologies.
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