On April 24, Chinese logistics platform GOGOX submitted an application for a public listing on the Hong Kong Stock Exchange (HKEx). Its co-sponsors are CICC, UBS, BOCOM International and ABC International.
Shanghai-based logistics company, WorldEx Group, announced the completion of a financing round worth several hundred million yuan, of which the Pre-A round was led by Huagai Capital.
Yu Yui, CEO of Jingdong Logistics, said that in the next two to three years, Jingdong Logistics will continue to develop and put into use thousands of autonomous delivery vehicles.
Best Inc. plans to raise funds and reduce debts by selling a courier subsidiary. The company is negotiating with a financial adviser on a possible divestment and may seek to value the business at up to $1 billion.
Chinese logistics giant SF Express unveiled its unmanned delivery vehicle in Suzhou, Jiangsu Province. The vehicle is equipped with intelligent containers and interactive terminals.
On March 1, Alibaba’s logistics service Cainiao Smart Logistics Network (Cainiao) announced a partnership with Saudi Arabian airfreight flag carrier Saudia Cargo.
Many of China’s unicorn companies, responsible for the creation of China’s formidable logistics system, have assisted in various emergency initiatives.
The logistics unit of JD.com is eyeing a potential overseas IPO that could raise $8 – $10 billion, two insiders revealed to Reuters.
The logistics platform 58 Suyun announced on July 12 the completion of its first round of fundraising of $250 million, led by InnoVision Capital.