ReTo Eco-Solutions announced that its subsidiary, Yangpu Fangyuyuan United Logistics Co., has entered into a joint venture agreement with Hainan Yonghuiju Technology Co., an agricultural products logistics company in China, to jointly develop internet of things and logistics business. Pursuant to the Agreement, Yangpu Fangyuyuan and Hainan Yonghuiju will collaborate on the digitalization of online logistics platform and supply chain system to support the sales and delivery of Hainan Yonghuiju’s fresh fruit products as the first project. The parties will also work together on the upgrade and advancement of the platform to optimize its operation and efficiency. Backed by ReTo, Yangpu Fangyuyuan will provide platform management and supply chain financing and digitalization services. Hainan Yonghuiju will utilize industry experience and resources in the logistics sector. Yangpu Fangyuyuan and Hainan Yonghuiju are committed to building a platform that empowers logistics company clients with new technologies and business models to offer better services for their customers of various sizes. The joint venture will serve as a hub that coordinates different resources and relationships to construct a scalable and efficient delivery service network for logistics companies.
Published first on TheFly
