Logistics

SiCepat recently tapped into the EV industry by forming a joint venture with NFC Indonesia. The JV has acquired an electric motorcycle maker based in central Java.

Boss Zhipin, Yunmanman, and Huochebang—now under investigation—all have a presence in US public markets.

During the demo, deliveries were tested at a distance of approximately 10 km and with a load of up to 2.5 kg.

The startup simplifies international shipping using emerging technologies like blockchain and big data analysis.

As companies reduce per kilometer payments and incentive schemes, couriers for large tech companies’ logistics services are refusing orders.

Sources also say China’s Xpeng targets up to USD 2 billion in homecoming listing.

The company currently has 350 shipping partners and over 15,000 carriers using its platform.

The company’s technology can sort 2,500 products per hour, slashing logistics expenses in an industry with rising labor costs.