Food Delivery Giant Meituan Unveils Drones for Delivery Service, Offering New User Experience
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The one-stop international logistics online service platform YunQuNa announced that it has landed a new round of financing led by CITIC Capital, followed by Xianghe Capital and its shareholders. The overall financing in its D1 round adds up to 150 million US dollars, setting a new record for a single round of financing for China's up-and-coming economic businesses in the field of international logistics digital services. Huaxing Capital is the exclusive financial consultant.
Chinese internet giant Alibaba announced on Thursday it will develop driverless trucks with its logistics unit Cainiao, as the company ramps up efforts to follow a trend that may revolutionize the transportation industry.
JD Logistics, the distribution arm of Chinese e-commerce giant JD.com, is planning to raise up to HK$26.4 billion (US$3.4 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange.
Cainiao, e-commerce giant Alibaba’s logistics arm, announced on Friday it will launch more than 800 international cargo flights by the end of 2021 to connect China’s Hainan Island and countries
On Thursday, SF Express Holding announced that it suffered heavy financial losses in the first quarter of 2021.
On March 30, FlashEx, a Chinese logistics startup that provides intra-city express delivery services, raised USD 125 million in the second tranche of a Series D funding round.
JD Logistics, the distribution arm of Chinese e-commerce giant JD.com, is planning to submit an initial public offering application to the Hong Kong stock exchange as soon as this month, according to reports.
On-demand logistics and delivery company Lalamove is close to completing a $1.5 billion financing round that would bring its valuation to around $10 billion, according to Chinese media.
The Double 11 shopping festival is hard to miss. E-commerce platforms put out ads everywhere to boost consumption. Like the locals, foreigners are embracing the shopping frenzies.
Cainiao Smart Logistics Network announced a partnership to launch a charter program with Atlas Air Worldwide Holdings, Inc. on Tuesday to enhance its logistics network as cross-border trade between China and Latin America continues to expand.
Chinese social e-commerce startup Nice Tuan announced its latest $80 million Series C2 round led by CDH Investments.
Didi Chuxing today said that it will launch an on-demand logistics service in Chengdu and Hangzhou on June 23.
WeChat added delivery services to its mini programs last week, another feature to make it a super app that almost equals an operating system.
In preparation for entering the freight logistics market, Didi has started recruiting truck drivers in May.