Thailand Post welcomes Shopee with three-month delivery-fee waiver
THAILAND Post Co has joined with Shopee, a Singapore-based mobile marketplace operator, to waive fees for delivery of products by Shopee members when they mail their goods to their buyers.
The three-month waiver began last month, when Shopee started operating in this country. Thailand Post levies its normal delivery charge but it is absorbed by Shopee for its members.
This is part of Shopee’s promotion of its mobile marketplace application in Thailand. Its other markets, besides Singapore itself, are Taiwan, Vietnam, Malaysia, Indonesia and the Philippines.
Terence Pang, regional managing director of Shopee Singapore, said the company aimed to make Thailand one of its top three marketplaces in the next few years after launching the service here last month.
Its application runs on a website and on iOS and Android mobile phones.
Its most popular products are clothes, cosmetics and electronics. The app includes a payment channel.
Thailand Post said it delivered around 20,000 EMS (Express Mail Service) parcels daily for Shopee members during the initial launch of the service, out of a total of 700,000 EMS deliveries a day.
Pang said Shopee expected around 30-per-cent growth in Thailand deliveries by its members this year.
Revenue boost expected
Thailand Post president Smorn Terdthampiboon said the cooperation with Shopee would boost the Thai company’s EMS revenue by around 20 per cent this year.
For the first quarter this year, Thailand Post reported Bt6.249 billion in total revenue and Bt5.248 billion in total expenditure.
This year the company fore|casts Bt24 billion in revenue, compared with Bt22 billion last year, and profit of Bt3 billion, up from |Bt2.5 billion in 2015. The higher revenue is attributed to the growth of the e-commerce market.
