delivery service Archives - Page 2 of 3

China’s New Year’s Day Holiday Period Witnesses 960 Million Express Parcels Delivered Nationwide, Increase of 26.5% YoY

China's State Post Bureau reported on Tuesday that between January 1 and 3, 920 million express parcels were collected, a year-on-year increase of 22.6%.

China’s Postal Industry Expects Average Daily Delivery Business Volume to be Over 150 Billion Pieces by 2025

The People's Republic of China State Post Bureau, the National Development and Reform Commission and the Ministry of Transport jointly issued a notice titled “Postal Industry Development Plan during the 14th Five-Year Plan Period".

Cainiao Network CEO: Average Daily Cross-Border Parcels Exceed 5 Million

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.

China’s ‘Double Twelve’ Shopping Festival Sees Record 460 Million Units of Mail and Express Delivery

On December 12 this year, postal and express delivery enterprises in the country collected 460 million parcels, an increase of over 20% year-on-year and a new record high.

SF Intra-City’s Hong Kong IPO Set at $2.11 Per Share, to Raise About $260 Million

Chinese logistics giant SF Holding’s intra-city delivery subsidiary SF Intra-City announced on the Hong Kong Stock Exchange (HKEx) that the offering price has been set at HK$16.42 ($2.11) per share.

Douyin Tests Home Delivery Service, 0.8 Yuan Per Order

ByteDance's Douyin recently launched its home delivery service. Merchants utilizing this function can directly provide door-to-door service for consumer orders for express delivery services.

Meituan’s First Domestic Urban Low-Altitude Logistics Operation Demonstration Center Settles in Shanghai

Meituan and the Jinshan District Government of Shanghai jointly announced that China's first urban low-altitude logistics operation demonstration center has officially settled in Shanghai.

SF Express’ Intra-City Subsidiary Passes HKEx Listing Hearing

According to the Hong Kong Stock Exchange (HKEx), Hangzhou SF Intra-City Industrial Co., Ltd. (SF Intra-City) on Monday passed its listing hearing.

Self-Driving Car Company Nuro Bags $600 Million in D Round Financing, Led By Tiger Global Management

Autonomous delivery unicorn Nuro announced on Tuesday the completion of its D-round of financing worth $600 million, led by Tiger Global Management.

350 Unmanned Vehicles of Alibaba’s Cainiao to Be Stationed in 200 Universities During Double 11 Shopping Festival

Alibaba's logistics platform Cainiao together with DAMO Academy announced that a total of 350 unmanned delivery vehicles have been put into operation in more than 200 universities in more than 70 cities across the country.

Tesla Sentenced to Refund Model S Owner for Fraud

Today, a Tesla Model S owner posted a blog on China's Twitter-like Weibo, saying that, after 755 days, he has finally won his fraud case against Tesla. The owner will receive four times the amount he spent on the vehicle.

WeChat Pay Score Launches Immediate Delivery Service

WeChat Pay Score officially launched an immediate delivery service on Wednesday to optimize users' experience and reduce the contact risk. Delivery fees can be deducted automatically after users send out their packages.

JD.com-owned Dada Group and Vivo Reach Deal to Speed Up Delivery Times

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.

Unmanned Delivery Firm White Rhino Auto Receives Nearly $10 Million in Pre-A Funding

On Thursday, Chinese autonomous driving company White Rhino, announced that it had secured nearly $10 million in Pre-A financing led by Linear Capital.

Tencent Buys Over 11 Million Shares in Meituan, Raising Nearly $400 Million and Acquiring a 17.2% Stake in the Firm

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.