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Y3 Technologies, Chongqing Transportation set up joint venture
HOMEGROWN logistics solutions provider Y3 Technologies has set up a joint venture with a leading transport company in western China.
Announcing this in a release on Wednesday, Y3 Technologies said it will work with Chongqing Transportation Holdings (Group) (CTG) to transform western China's logistics ecosystem, particularly in Chongqing.
A signing ceremony to mark the partnership was held last Friday in Chongqing in the presence of industry leaders.
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.
Said Marc Dragon, CEO of 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."
Founded in 1981, Y3 Technologies now offers a suite of end-to-end supply chain collaborative software products to its customers. CTG's businesses include long-haul transportation, urban logistics, distribution, freight forwarding, barge transportation, and warehouse management.