Zall Group forges global commodities trading platform
Zall Group announced on March 21that the company, in cooperation with institutions like Singapore Exchange (SGX) and Singapore's Global eTrade Services (GeTS), will establish a joint venture in Singapore and launch a global intelligent trade platform Commodities Intelligence Center (CIC).
This is the first time that a Chinese company has participated in the construction and operation of a global B2B trade platform.
According to the cooperation agreement, CIC will be mainly dealing in the building and operation of an online global trade platform, providing services like transaction matching, transaction financing, supply chain and logistics services, global regulatory compliance service, trade data and indexes.
The upcoming CIC platform will enable domestic B2B customers to access the international market, on which Chinese goods can be presented and delivered directly to international customers.