MU News | GCP Co-president Tim Wang Visited Yiwu Company
On December 12th, Tim Wang, Co-President of GLP Capital Partners (GCP) in the China region, led an executive team to visit the workspace of MU's Yiwu Operations Center in the Financial Business District. President Tom Tang, warmly welcomed all the guests.
The team of GCP first held an internal annual business analysis meeting and gathered information about the basic operations of the group before the meeting. MU Group consists of over 60 business divisions and subsidiaries engaged in export trade and cross-border e-commerce. It launches 6 major operation centers，9 domestic branch offices and 4 factories. Furthermore, the group has purchasing and sales branch offices in Hanoi, Ho Chi Minh City, Jakarta, Manila, Istanbul, Mumbai, Paris, London, Moscow, Mexico City, Panama, and other areas.
After the meeting, Tim Wang visited the product showroom of the Yiwu Financial Business District Workspace, and frequently inquired about the origin of the goods, export markets, and quality standards. He expressed his admiration for the group's full-category supply chain management and the extremely cost-effective Chinese products and services.
Following that, President Tom Tang met with Tim Wang and his team. Tom Tang introduced that this year marks the 20th anniversary of the group's establishment. It is expected that the total export volume will reach 1.5 billion US dollars by 2023, a 30% increase. The current colleague size has exceeded 3,000 people, and the total office area and storage area will exceed 250,000m².
Tim Wang noted that modern logistics connects the production and consumption ends, serving as a crucial support for extending the industrial chain, enhancing the value chain, and building the supply chain. GLP and MU Group have a solid foundation for cooperation, and he expressed confidence in exploring opportunities in broader fields in the future.
The two sides also conducted exchange and analysis on the current foreign trade situation, logistics real estate, international macro environment. In the future, both plan to leverage their respective strengths and resources, further solidifying the partnership and achieving collaborative development within the business ecological chain.
In recent years, relying on the two major logistics centers of Yiwu GLP and Highway Port, our group has continuously reduced costs and increased efficiency, establishing an efficient logistics system. This year, the Yiwu warehouse has accumulated a cargo throughput volume of 684,918m³, an increase of 43% compared to the same period last year, with an average monthly throughput volume of over 60,000+m³, demonstrating a good trend of stable and upward business development.
GLP has become a leading industrial service and investment company focused on supply chain, big data, and new energy infrastructure, with operations in 17 countries and regions in Asia, Europe, and the Americas. GCP, a global alternative asset management company and the exclusive investment and asset manager for GLP, manages assets worth $125 billion.