Benzinga | Sep 29, 2020 08:39AM EDT

Sino-Global Signs An MOU Of Joint Venture With Tianjin Anboweiye Technology Co., Ltd. (EMB) For The Purposes Of Providing Hi-Tech And Information-Based Logistic Services To Customers

ROSLYN, NY, Sept.29, 2020 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ:SINO) ("Sino-Global", the "Company" or "we"), a non-asset based global shipping and freight logistic integrated solution provider, today announced that it has signed an MOU of joint venture with Tianjin Anboweiye Technology Co., Ltd. (EMB). The newly joint venture company will help Sino-Global to build up its Hi-Tech and Information-based logistic services enhance to meet the higher and complicate demand of customers.

Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "Different from the traditional logistic services, the current logistic industry has derived a new demand, the globalized and intelligent logistics services which is relying on the development of science and technology with the help of bid data, logistic network, artificial intelligence and blockchain infrastructure, etc. We believe with the joining of our partner, EMB, the qualified and industrial leading technology company, we are able to offer our customers with upgraded and value-added logistic services."

Tianjin Anboweiye Technology Co., Ltd. founded in 2014, provides customers with industry-leading technology and architecture based PC/Mobile, smart hardwares, traditional applications and internet applications business-level solutions. The company's products include intelligent hardwares, mobile GIS, business management, enterprise ERP, enterprise portal, and logistics platform. The company has more than 10 software work certificates and one patent of independent intellectual property rights.