Waitex has partnered with the Shandong Lichen Group by acquiring 32% of its shares, as the second largest shareholder to further strengthen the links in the supply chain between western and eastern trade. With an established far-east partner, Waitex has a strong foothold in the overseas sourcing and logistic management industry.

Shandong Lichen Logistics Co., LTD is a third-party logistics and supply-chain provider based in Linyi, Shandong, China with a 3.5 million square-foot facility. Among the many services provided include logistic management, international cargo/container transportation, bonded warehousing, and information technology.

Touted as one of China's 100 strongest logistics companies, Shandong Lichen Logistics has 400 employees and provides the service for hundreds of famous enterprises.