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Deutsche Post sees business in e-commerce logistics

Deutsche Post, the German postal service and logistics group, has taken a 10% participation in Zouk Holding Ltd., an e-commerce venture capital firm, it was reported by American Shippers?NewsWire.

The German postal group said that its involvement in the firm will give it contacts with potential customers and partners.

Klaus Zumwinkel, chairman of Deutsche Post, said that there is an "enormous potential" in the booming e-commerce market for his logistics group.

In a separate development, Deutsche Post said that its online shopping portal, eVITA, was the busiest site in the German Internet marketplace during December. eVITA attracted 642,000 visits, a 48% increase compared to November.