Woolworths Limited
(ASX:WOW) has engaged eCargo Holdings Limited
(ASX:ECG) to provide support services to its retail operations in China.
eCargo is significantly backed by Cargo Services Far East which has a 25 year relationship with Woollies.
The appointment is the first foray into the food and groceries sector for the China-based eCommerce company.
Online retailing is gaining traction in China as middle class domestic consumption grows.
Woolworths reported a net profit of $2.14 billion for the 2015 financial year.
