$ZIM and [$BABA] Announce the Extension of Their Commercial Cooperation Agreement Until 2023 | Enables $BABA Global Customers to Book and Purchase Sea Freight and Logistic Services from $ZIM on


Enables Global Customers to Book and Purchase Sea Freight and Logistic Services from ZIM on

[ZIM Integrated Shipping Services Ltd.]( (NYSE: ZIM), a global container liner shipping company, and, the world’s leading B2B eCommerce platform and a business unit of Alibaba Group (NYSE: BABA), announced that they will extend their cooperation agreement for two more years.

The agreement which enabled sellers to book and purchase sea freight on ZIM and logistic services from ZIM Logistics China, a wholly-owned subsidiary of ZIM, has now been expanded to include serving buyers as well. This collaboration helps offer its customers a more affordable transit alternative relative to air freight with an easy-to-use interface available directly on the platform. ZIM’s extensive network of lines, particularly the recently introduced dedicated eCommerce express lines, provide customers reliable, fast, high quality freight services, as well as product support and [system optimization]( The successful cooperation has been in place since 2020 and the significant growth of eCommerce and demand for freight capacity in the last year have led the parties to deepen their collaboration.    

**Eli Glickman, ZIM President & CEO** noted: “Since we launched the initial agreement with, it has proven to be a highly successful and mutually beneficial partnership. We continue to position ZIM as a leading eCommerce service provider, while creating significant advantages for customers. It is part of our innovative strategic vision, and we are very proud to extend and expand this partnership with to enhance the customer experience and further capitalize on growing eCommerce trends.”

**Kuo Zhang** **,**  **General Manager of**  **** added: “We are happy to continue our collaboration with ZIM to enhance our ecosystem designed to bring the best services to global customers quickly. In the next phase of the collaboration, we can offer global buyers more options and choices to manage and optimize their supply chains, and to thrive and succeed in the massive global B2B eCommerce opportunity.”   

**About ZIM:**

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM”) is a global, asset-light container liner shipping company with a leadership position in the markets in which it operates. Founded in 1945, ZIM is one of the oldest shipping liners, with over 75 years of experience, providing customers with innovative seaborne transportation and logistics services, with a reputation for industry-leading transit times, schedule reliability and service excellence.


The first business unit of Alibaba Group, is a leading platform for global B2B e-commerce that aims to make it easy to do business anywhere. Launched in 1999, is engaged in services covering all aspects of commerce, including providing businesses with tools that help reach a global audience for their products and helping buyers discover products, find suppliers, and place orders online fast and efficiently. It serves millions of buyers and suppliers from over 200 countries and regions around the world.

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