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On the evening of July 13, Chinese delivery and e-commerce giant Meituan announced that all preconditions for the items contained in Tencent's subscription agreement had been reached. The estimated net proceeds from the deal are expected to be about $400 million.
Shipping firm SF Express announced on Tuesday that SF UAS, a logistics drone operator and R&D institution, had obtained a trial operation license and business license for regional logistics unmanned aerial vehicles (UAV).
Meituan's on-demand delivery business unit is preparing to enter the Hong Kong market, and it is currently recruiting staff.
On Thursday, at Alibaba's Investor Day 2021, Wan Lin, CEO of Cainiao Network, said that Cainiao has continuously invested in global logistics infrastructure over the last eight years.
Chinese on-demand delivery and retail platform Dada Group on Tuesday reported a 52% jump in first quarter revenue from a year earlier, as the company tries to expand its network to the country’s lower-tier cities and rural areas.
Dada Group, a Chinese on-demand distribution and retail platform, announced on Monday that it has reached a strategic cooperation agreement with mobile phone manufacturer Vivo.
China's 50 billionth package of this year came into being.
American robotics company Nuro issued an announcement on Wednesday regarding its third generation of pure electric driverless delivery vehicles, jointly designed and developed alongside Chinese automaker BYD.
On September 8, with the end of Apple's new product launch event, Meituan, a local life service platform, announced that it will continue to work with local Apple authorized stores throughtout China.
The new product offering aims to address issues with telephone contact numbers, door-to-door delivery issues, and poor service attitudes that happen during traditional package delivery services.
A subsidiary of leading Chinese logistics firm SF Holding, Tongcheng Industrial Co., Ltd., submitted a listing application to the Hong Kong stock exchange on Wednesday, aiming to gain a leg up in the intensifying price war across the industry.
On September 19th, Meituan officially launched its unmanned aerial vehicle intelligent manufacturing center in Longhua District, Shenzhen.