return Home

SPH partners with Y3 Technologies to launch B2B ecommerce platform

Singapore Press Holdings (SPH) and Y3 Technologies entered into a joint venture to launch octorocket.asia, a B2B ecommerce platform that will enable suppliers in South-east Asia to sell cross-border to buyers in the region more effectively.

The partnership will see both commpanies sharing the common vision of digitising traditional trade processes to reduce geographical boundaries for businesses. Octorocket.asia aims to also help businesses capture transactional data more accurately and use this data for related services in trade financing, logistics, and customs clearance. 

 

SPH octorocket.asia ()

 

The ecommerce platform will be officially launched end of 2018, targeting businesses in Singapore, Malaysia, Thailand, Indonesia and Vietnam. It is currently recruiting buyers and suppliers in the region.

The collaboration will tap on Y3 Technologies’ ecommerce and logistics technology experience. They will be responsible for the technical delivery of the platform and the integrations of the various service providers. 

The platform will start off with the packaged food industry, allowing food suppliers to ride as a pack, tapping on OctoRocket's targeted outreach to business buyers and distributors in Singapore, Malaysia, Thailand, Indonesia and Vietnam.  

Mr Julian Tan, chief of digital business at SPH, said: “Helping businesses succeed, be it in making information more easily available or connecting buyers and sellers, is what SPH does. In this new initiative, we will further our efforts of connecting buyers and sellers through trade exhibitions. Octorocket.asia enables food suppliers of all sizes to reach Southeast Asian buyers more easily at every step of a sale from lead to fulfillment.”

Mr Gabriel Tho, Y3 Technologies chief operating officer, added “We are very excited to embark on this journey with our partners, Singapore Press Holdings. An effective and user-friendly online wholesale marketplace provides an invaluable platform for businesses in ASEAN and China, aiming to penetrate new markets and to grow at reduced costs and risks across the region. OctoRocket is perfectly positioned in this aspect to provide connections for various transactions, which can ease problems arising from cross-border payments and customs clearance. We are heartened to be part of this JV with Singapore Press Holdings, to widen Y3's spectrum of solutions and further help to enable businesses in their growth and development.”

More like this

SPH Magazines and Times Publishing team up to fight digital disruption

SPH appoints chief technology officer and chief product officer

SPH partners with Focus Media Holding to set up joint venture company Target Media Culcreative

SPH launches new creative and content marketing unit Sweet

SPH reports 64 per cent rise in net profit for third quarter of 2018

  • How Italy’s most successful cooking website went multi-platform - all the way to print

    Spinning off a monthly print magazine in 2017 to create an additional revenue stream for Italy’s hugely popular cooking website, Giallo Zafferano, was such a significant success that it sold 2.5 million copies in the first year, says Daniela Cerrato, head of digital product marketing of the Italian magazine division at Mondadori Publishing Group.

    7th Jan 2019 Features
  • Magazine media M&As - what happened in 2018 in review

    In this industry, change is constant. Though, over the last number of years, we've seen increasing numbers of mergers and acquisitions on the media landscape. 2018 was no different, with magazine media marketplaces restructuring, consolidating and diversifying. 

    7th Jan 2019 Features
  • Behind Time magazine covers: a Q&A with DW Pine

    Chronicling the nation’s issues, events and history as it happens, Time magazine shies away from nothing and creates emotional impact in an instant. Time magazine is known for its iconic covers, something D.W. Pine, Time’s creative director, recently called “one of the most iconic pieces of real estate in journalism.”

    14th Jan 2019 Features
  • How Thomas Cook resurrected a print magazine that died in 1939

    One of the greatest successes born from the new Thomas Cook Media and Partnerships division within the Thomas Cook travel agency was the rebirth of the printed magazine, The Excursionist, originally founded in 1851. Speaking at FIPP Insider in London, Ed Marr, group head of commercial publishing, media and partnerships at Thomas Cook Group, explained how an integrated multi-channel media offering within the holiday retail company made this possible.

    14th Jan 2019 Features
  • The Atlantic launches "Unthinkable": 50 Writers. 50 Essays. 50 moments that define the Trump presidency

    As we near the midpoint of the Trump presidency, The Atlantic has cataloged the 50 most norm-bending moments of the administration, analysed by 50 of The Atlantic’s writers and contributors. The digital report, “Unthinkable,” enumerates the incidents that would have been unimaginable under most any previous US president, Republican or Democratic.

    14th Jan 2019 Industry News
Go to Full Site