Alibaba Group is further retreating from a corporate overhaul announced a year ago by calling off an initial public offering for logistics unit Cainiao.
Coupang will extend its free, one-day 'rocket' delivery service network throughout almost the entire country by investing more than 3 trillion won ($2.2 billion) to expand its logistics infrastructure by the end of 2026, the country's biggest logistics firm said Wednesday.
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As the world turns to other preoccupations, financial support for my agency is dwindling. But the UN carries out lifesaving humanitarian work that aids to tens of millions — and it also provides hope.
Closing the city’s seaport will send shockwaves across global shipping. Supersize container ships pose a growing risk to bridges and other infrastructure when things go wrong.
Sony Semiconductor Solutions Corporation took on the challenge of simplifying vision processing and inference, resulting in its AITRIOS edge AI sensing platform.
Shipbuilder Hanwha Ocean Co. is facing difficulties in finding new buyers for specialized vessels built to serve a Russian liquefied natural gas facility that’s now subject to sanctions.
Mumbai-based JustDeliveries said it aims to deepen its logistics network across regions including Bengaluru, Mumbai, Pune and the national capital region. It will also launch operations in Hyderabad.
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business in Hong Kong.