File photo: VCG

BEIJING, Nov. 25 (Xinhua) -- China Co-op Group on Monday signed a contract with global logistics solutions provider GLP in starting a fund management company and a logistics management company to render better agricultural services.

The cooperation aimed to combine the more than 4,000 warehouses and logistics parks owned by China's supply and marketing cooperatives and GLP's technology and expertise to spur high-quality development of the industry, said Hou Shunli, chairman of China Co-op Group.

Ming Z. Mei, co-founder and CEO of GLP, expressed hopes of establishing a long-term partnership with China Co-op Group.

China has been developing nationwide logistics networks for farm produce in recent years, while cold-chain logistics lent strong support to the country's poverty relief efforts.