US freight forwarder Flexport announced that it has opened its regional headquarters in Hong Kong, leveraging the city's international logistics hub status and strategic location to expand in Asia.
Backed by Founders Fund, Google Ventures, Bloomberg Beta, Y Combinator and more, Flexport is a licensed freight forwarding service company built around an online system which provides clients with real-time shipment visibility, as well as analytics for international shipping routes, rates, speeds and customs compliance data, according to its Chief Executive Officer, Mr Ryan Petersen.
He said, "Hong Kong is one of the busiest cargo hubs in the world with five-hour flight connections to key Asian cities. Together with its established logistics industry and proximity to manufacturers in the Mainland, we decided to set up our regional headquarters here and move a significant portion of the air freight out of southern Mainland China through Hong Kong International Airport for our clients."
He added, "Hong Kong also has strategic importance for Mainland trade, and this role is going to be further strengthened amid the Belt and Road Initiative. Thus, the city's position as a key hub to connect the East with the West in global trade will continue to grow, making it an ideal base for our expansion".
Associate Director-General of Investment Promotion Dr Jimmy Chiang said, "Flexport's business proposition of an online platform for international trade will not only make handling shipment more efficient for clients, but also introduce new technologies and services to the industry. We wish Flexport every success in Hong Kong."
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