NewsCHINA BRIEF | Hello Chuxing turns to delivery sector as COVID-19 hits ride-hailing industryWith ride-hailing down, the company is turning its drivers into couriers. 1 min read
The company raised a total of USD 1.5 billion in venture capital funds to back its growth. NewsCashier-less convenience store Bianlifeng likely profitable in 2020, against industry trends2 mins read
The deal will make Yunda the second-largest shareholder of Deppon with a 6.5% stake. NewsCHINA BRIEF | Alibaba-backed courier firm Yunda injects USD 86 million into Deppon Express1 min read
Ninja Van saw a 10-19% increase in transactions since the social distancing started. InsightsWith new funding, Ninja Van remains bullish in spite of the pandemic, according to CEO Lai Chang Wen3 mins read
Dada Nexus’ IPO marks the second China-based company aiming to go public in the US after the Luckin Coffee scandal involving fraudulent financials. NewsDelivery company Dada Nexus latest China firm to file for US IPO2 mins read
Cainiao has partnered with 4PX Express, a cross-border e-commerce solutions provider headquartered in Shenzhen, Guangdong province. NewsCHINA BRIEF | Alibaba’s Cainiao launches international postage service as COVID-19 pandemic slows logistics1 min read
The logistics startup said it turned profitable in FY 18-19 with an annualized revenue run rate of USD 25-30 million. NewsIndian logistics aggregator Shiprocket raises USD 13 million led by Tribe Capital2 mins read
SF Holdings unveiled the Fengshi WeChat mini program, targeting corporate clients and individual consumers for food deliveries. NewsChina’s largest private courier SF Holdings enters food delivery sector, challenging Meituan and Ele.me2 mins read
The Series D funding round was led by GeoPost alongside two sovereign wealth funds, with returning participation from B Capital Group and Monk’s Hill Ventures. NewsNinja Van has concluded a USD 279 million Series D funding round [Update]2 mins read