The SingPost-Alibaba joint venture began in 2015 to grow cross-border e-commerce logistics. AIL received a 34% stake in QSI, with SPLE holding the remaining 66%.

Singapore Post (SingPost) has completed divestment of its Australian logistics business Freight Management Holdings (FMH) to Pacific Equity Partners (PEP) for A$1.02b or approximately S$867m.

It has been a challenging two years for Florence Chan and her team at SingPost, with a flurry of changes such as leadership transitions, corporate governance issues, and the business pressures brought ...