Sinopec Cross-border cooperation addiction, hand Shop No. 1th

China Petrochemical Corporation, China's largest refiner, has recently been addicted to cross-border cooperation.

August 22, Sinopec announced that China Petrochemical Sales Co., Ltd. and the domestic enterprises of the Company No. 1th Business Cooperation Agreement signed. This is Sinopec's first introduction of E-commerce partners. At this point, and Sinopec Sales Company "Alliance", there have been shun Fung Express, RT-Fat, Tibet Choma, Shop No. 1th.

According to the latest agreement, the two sides will mainly in the joint procurement, O2O (online and offline linkage) business, electric business platform cooperation, oil sales and other fields of cooperation. Specifically include: Play 1th store's global sourcing platform advantage and easyjet 23,000 stores scale advantage, the implementation of joint procurement of some commodities to reduce procurement costs; in Sinopec easy-Czech convenience store pilot carry out the electric quotient package and commodity two-dimensional code sales, such as O2O (online and offline linkage) business; Explore the opening of the area in Shop No. 1th, The sale of Sinopec easy Czech characteristics of goods, explore the cooperation between the two sides of the platform, to carry out cross marketing, Sinopec to 1th stores to provide quality oil.

Sinopec this and 1th stores of cooperation, in addition to the joint procurement of innovation, involving O2O (online and offline linkage) business, oil sales, logistics and distribution, and other aspects of cooperation, and prior to the cooperation similar to Fung.

According to the introduction, the future customers in refueling, in the Sinopec easy Czech convenience store through the cell phone two-dimensional code "sweep" function, can purchase shop No. 1th merchandise, realize the site purchase order. In addition, customers who have completed the order purchase on Route 1th can also pick up the goods at the designated petrol filling station in Sinopec.

According to the number of gas stations, China Petrochemical Sales Co., Ltd. is China's largest, the world's second biggest supplier of oil products, as at the end of 2013, with more than 30,000 units of self refueling (gas) station, 80 million refueling card holders, 2013, its domestic product market share of more than 60%.

It is worth mentioning that Sinopec since the proposed mixed ownership reform last year, announced earlier this year to the oil sales business plate existing assets (including gas stations and easyjet) restructuring. The specific plan is that in the oil sales business plate open not more than 30% of the shareholding ratio, through the way of increasing capital to expand shares, the introduction of social and private capital, to achieve mixed ownership management.

Prior to this, Tencent Holdings, Canada's largest retailer Couche-tard Inc. and other investors were shortlisted for the second round of competition in the oil sales company of Sinopec.

Who will choose to be their own oil sales business sector partners, Sinopec has been to the outside world remain silent.

On August 21, the Wall Street Journal quoted people familiar with the matter as saying that Sinopec had signed an agreement with Fosun, a shanghai-based private enterprise, other candidates including China life, neo-Austrian energy and the private equity firm Hopu. Sinopec plans to finalize terms of cooperation in the coming weeks and restructure its sales company by the end of November before preparing for its initial public offering, a person familiar with the matter said. The IPO location has not been selected.

Sinopec insiders told the Morning Post reporter that Sinopec is now strictly controls the flow of information, the initiative to release the message similar to a small dessert before dinner. Involving hundreds of billions of dollars of mixed ownership cooperation, that is the finale drama. The scale of Sinopec Sales company is about 340 billion yuan.