Logistics Platform Archives

JD Logistics Closes 8.98B Yuan Acquisition of Deppon

JD Logistics has announced that on July 26 that it closed a major transaction to acquire equity interest in Deppon.

Logistics Platform GOGOX to Go Public in Hong Kong

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.

WorldEx Group Secures Financing, Promotes Cross-Border Logistics

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.

JD Logistics to Develop and Implement Thousands of Smart Delivery Vehicles Within 2-3 Years

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. to Sell Courier Division to Help Reduce Debt

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.

SF Express Unveils Unmanned Delivery Vehicles Equipped with Intelligent Containers and L4 Autonomous Driving Capability

Chinese logistics giant SF Express unveiled its unmanned delivery vehicle in Suzhou, Jiangsu Province. The vehicle is equipped with intelligent containers and interactive terminals.

Alibaba’s Cainiao Leads E-Commerce Expansion in Europe and the Middle East

On March 1, Alibaba’s logistics service Cainiao Smart Logistics Network (Cainiao) announced a partnership with Saudi Arabian airfreight flag carrier Saudia Cargo.

China’s Logistics Network Powers Medical Response

Many of China’s unicorn companies, responsible for the creation of China’s formidable logistics system, have assisted in various emergency initiatives.

JD Logistics Discussing Overseas IPO Insiders Say

The logistics unit of JD.com is eyeing a potential overseas IPO that could raise $8 – $10 billion, two insiders revealed to Reuters.

Logistics Platform 58 Suyun Finishes First Funding Round of $250 Million

The logistics platform 58 Suyun announced on July 12 the completion of its first round of fundraising of $250 million, led by InnoVision Capital.

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