Logistics

Couriers of logistics company Lalamove are protesting late payments and a harsh penalty system.

After three days of refusing orders, GoKilat drivers are expected to start working under the reduced incentive scheme.

The company is emboldened by its advantages built up in China’s mature e-commerce and logistics landscape, along with burgeoning demand for Chinese products.

Drivers say their income from bonuses would be slashed by 50% under the new scheme.

Delhivery recently raised USD 277 million in a Series H round led by Fidelity Management that valued the company at USD 3 billion.

Locus plans to use the funds for improving geographical reach as well as building its research and development team to expand its product line.

The firm claims to be the top player in the local shipping and logistics market in terms of daily parcel volume.

Last year, Manbang posted a net loss of USD 531.9 million.