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Yojee and Post Media Sign Joint Venture to capture Multi-Million Dollar Opportunity

Yojee aims to revolutionise the global logistics industry by providing state-of-the-art technology which empowers shippers and carriers to work together across the entire supply chain.

Post Media, the largest print media and news organisation in Cambodia, has signed an exclusive agreement with Yojee to roll out its software and software created delivery network across Cambodia. Post Media brings their powerful nationwide cross-media publishing outlets, a gross reach of more than 1.5 million in a population of 15 million, existing warehouses, delivery and logistics assets.

PPPost

The new Joint Venture, organised for the purpose of providing parcel delivery and other logistical support services to consumers in Cambodia, is going to shape a new smart digital collaborative logistics network across Cambodia. By combining Post Media’s logistics infrastructure, sales team and local knowledge with Yojee AI and blockchain technology, the Joint Venture presents a significant software sales opportunity whilst presenting Cambodian carriers greater opportunities to participate in an ever-growing delivery market.

Post Media, publisher of two daily newspapers, The Phnom Penh Post and Post Khmer, operates two of the most visited websites in Cambodia - www.phnompenhpost.com and www.postkhmer.com. Post Media’s daily English newspaper, The Phnom Penh Post, celebrates its 25th Anniversary this year and is one of the most well respected and trusted brands in the entire country. Overall, Post Media reaches 1.5 million people every month through their print media and digital platforms. National delivery of the two daily newspapers, combined with this significant on line capability will help generate awareness whilst promoting the Yojee platform among other companies in Cambodia.

By coming together, the Cambodian opportunity provides substantial cost benefits by bringing together the power of Yojee’s network and Post Media’s market expertise, a huge following from potential customers across its user base, rapid delivery logistics expertise and delivery and warehouse assets. Post Media also has an established sales team with deep market knowledge and strong relationships with most trading businesses in the country through its advertising sales programs.

Yojee together with Post Media will create a cost effective, optimised logistics network across Cambodia, with the additional sales revenue expected from all vetted carriers who wish to participate. The platform is backed by an artificial intelligence (AI) system that automatically assigns delivery jobs to drivers and calculates optimised routes for picking up and delivering goods with real-time tracking.

Read the full announcement on ASX, here.

Yojee is a publicly-listed company. See our up-to-date ASX announcements here.