May 20, 2020

Alibaba and Marine Harvest sign distribution deal for salmon in China

Shanghai
Supply Chain
Alibaba
partnership
Laura Mullan
2 min
Alibaba and Marine Harvest sign distribution deal for salmon in China

 

Alibaba’s fresh food sourcing platform, Win-chain, has signed an agreement with Marine Harvest to meet the growing demand for salmon in China. 

Through a Memorandum of Understanding (MoU), the companies have agreed to combine their efforts and capabilities to create “the most effective supply chain for the distribution of salmon in China.”

Alibaba’s Win-Chain is one of China's’ largest fresh food supply chain platforms and Marine Harvest is currently the world’s largest producer of farmed salmon. 

The companies say that the partnership will help them meet an increasing demand for fresh, high-quality salmon in the country.

“The demand for fresh seafood in China is rapidly growing, and Marine Harvest is one of the most trusted and world’s leading producers,” said Alibaba Group’s President, Michael Evans.

“By partnering with Marine Harvest and leveraging the consumer reach, technology capabilities and logistics support of the Alibaba ecosystem, we will be able to deliver the best-in-class offering of fresh seafood products to consumers across China.”

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Win-Chain and Marine Harvest said they will work closely on supply chain optimisation solutions which hope to help processing and cost-effectiveness.

This month, Marine Harvest opened its first plant in Shanghai, China, signalling its commitment to the Chinese market.

Win-Chain said it will become Marine Harvest's strategic partner by selling fresh chilled salmon products directly from the Marine Harvest’s local processing factory in Shanghai.

In doing so, it aims to become the leading outlet for salmon products in China.

The Alibaba business will also offer consumer insight’s to support Marine Harvest’s branding and communications activities.

Marine Harvest Chairman of the Board, Ole-Eirik Lerøy, added: “China is a very attractive market, and partnering with Alibaba Group and Win-Chain was a natural choice for us.

“We look forward to the many opportunities ahead to deepen our collaboration with Alibaba as we now ramp up our presence in China, for example through our new processing factory in Shanghai.

“We see that Chinese consumers love salmon, and together with Alibaba and Win-Chain we will bring even more fresh salmon to dinner tables in China.”

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Jun 7, 2021

Business Chief Legend: Ho Ching, CEO of Temasek

hoching
legend
singapore
Temasek
3 min
Singaporean Ho Ching created the largest listed defence engineering company in Asia, before leading Singapore’s sovereign wealth fund to global success

Ask Singaporeans who Ho Ching is, and the majority will answer the ‘wife of Prime Minister Lee Hsien Loong’. And that’s certainly true. However, she’s also the CEO of Temasek Holdings, Singapore’s sovereign wealth fund, and one of the world’s largest investment companies.

Well, she is until October 1, 2021, as she recently announced she would be retiring following 16 years as CEO of the investment giant.

Since taking the reins in 2004, two years after joining Temasek as Executive Director, Ho has gradually transformed what was an investment firm wholly owned by Singapore’s Government into an active investor worldwide, splashing out on sectors like life sciences and tech, expanding its physical footprint with 11 offices worldwide (from London to Mumbai to San Francisco) and delivering growth of US$120 billion between 2010-2020.

Described by Temasek chairman Lim Boon Heng as having taken “bold steps to open new pathways in finding the character of the organisations”, Ho is credited with building Temasek’s international portfolio, with China recently surpassing Singapore for the first time.

As global a footprint as Ho may have however, she has her feet firmly planted on Singapore soil and is committed to this tiny city-state where she was not only educated (excluding a year at Stanford) but has remained throughout her long and illustrious career – first as an engineer at the Ministry of Defence in 1976, where she met her husband, and most notably as CEO of Singapore Technologies, where she spent a decade, and where she is credited with repositioning and growing the group into the largest listed defence engineering company in Asia.

It’s little wonder Ho has featured on Forbes’ annual World’s Most Powerful Women list for the past 16 years, in 2007 as the third most powerful woman in business outside the US, and in 2020 at #30 worldwide.

But it’s not all business. Ho has a strong track record in Singapore public service, serving as chairman of the Singapore Institute of Standards and Industrial Research and as deputy chairman of the Economic Development Board; and is a committed philanthropist with a focus on learning difficulties and healthcare.

As the pandemic kicked off, she not only led active investments in technology and life sciences, with German COVID-19 vaccine developer BioNTech among the most recent additions to Temasek’s portfolio, but through the Temasek Foundation – the firm’s philanthropic arm which supports vulnerable groups close to Ho’s heart, handed out hand sanitiser and face masks.

So, you would be forgiven for thinking that at age 68, Ho might simply relax. But in March 2021, just as she announced her retirement from Temasek, Ho joined the Board of Directors of Wellcome Leap, a US-based non-profit organisation that’s dedicated to accelerating innovations in global health. Not ready to put her firmly grounded feet up yet it seems.

 

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