US freight forwarder anchors in Hong Kong to expand in Asia (with photo)
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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."
About Flexport
Flexport is a licensed customs brokerage and freight forwarder that offers a one-stop online platform for clients to manage their international trade instantly. Its services covers air freight, ocean freight, trucking, warehousing and fulfillment, customs brokerage and cargo insurance. In a few years, the company has grown to serve over 600 companies, including eight publicly traded companies. For more information, please visit www.flexport.com.
About Invest Hong Kong
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As of December 2015, InvestHK had assisted over 3 820 companies which have created more than 41 200 new jobs in the first year of operation or expansion and over HK$101 billion of investment. For more information, please visit www.investhk.gov.hk.
For an event photo, please visit www.flickr.com/photos/investhk/albums/72157672291805935.
Ends/Monday, August 15, 2016
Issued at HKT 11:07
Issued at HKT 11:07
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