Shanghai lockdowns are having ripple effects on global supply chains, as factory workers and logistics personnel have been subjected to home quarantine and mass testing.
JD.com's logistics arm has entered into a placing agreement, pursuant to which it has agreed to issue about 150 million of its ordinary shares to a group of third-party investors for a total purchase price of $398 million in a placement.
Chinese tech and e-commerce giant JD.com announced on Wednesday that its "Asia No.1" logistics park in Xi’an, Shaanxi Province, became the first carbon-neutral intelligent industrial park in the domestic logistics industry.
Chinese e-commerce and logistics giant JD.com has recently completed an acquisition of competitor Deppon Express.
Alibaba-backed Chinese logistics company Cainiao has built the largest automated warehousing system in Southeast Asia for Flash Express, a leading logistics and express company based in Thailand.
On Friday, Meituan released its financial results for the third quarter of 2021 as of September 30, 2021. The report shows that the company's revenue reached 48.829 billion yuan ($7.6 billion), an increase of 37.9% over last year.
The autonomous trucking startup Trunk.tech, also known as TRUNK, disclosed a new round of financing worth several hundred million yuan.
The intelligent warehouse has been jointly completed by JD Logistics, China Telecom Beijing Branch, China Telecom Research Institute, UNISOC and ZTE.
Chinese media outlet 36Kr reported today that recently, Laxcen Technology Inc., announced the completion of a new round of financing worth 170 million yuan ($26.58 million).
The update of Air China Cargo shows that the firm's registered capital has roared by 44.93%, while Zhejiang Cainiao Supply Chain Management is now serving as one of the new shareholders.
Dada Group, a leading local on-demand retail and delivery platform in China, released its unaudited financial report for the second quarter as of June 30 on Wednesday.
Leading Chinese e-commerce firm JD.com is reportedly in talks to obtain a controlling stake in China Logistics Property Holdings, one of the country’s largest shipping and warehouse companies.
Food Delivery Giant Meituan Unveils Drones for Delivery Service, Offering New User Experience
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.