Alibaba
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Modern Shipper
Rivian for the win: Electric-vehicle maker targets $8B IPO windfall
Electric-vehicle maker Rivian is said to be looking for as much as $8 billion from its upcoming IPO, which would make it the fourth-largest U.S.…
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Gig Workers
Is Didi’s IPO a stock loser from the start?
Chinese ride-hailing company Didi has filed for an IPO on the New York Stock Exchange, but some analysts are already questioning the long-term value of…
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E-commerce & Fulfillment
Alibaba to support small Korean exporters with logistics services
Cainiao, which means newcomer or beginner in Chinese, is the 8-year-old logistics unit of Alibaba. Besides providing express delivery for packages ordered through Alibaba, it…
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Modern Shipper
PayPal: ‘Strongest first-quarter results’ in company history
PayPal reported its “strongest first-quarter results” in company history on Wednesday, posting $6.03 billion in revenue and a 46% increase in total payment volume.
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Air Cargo
Alibaba cargo flights supply duty-free shopping zone in China
You may not have heard of Cainiao, but you know parent company Alibaba is the Amazon of China. Cainiao is powering Alibaba’s logistics and recently…
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News
Baidu chip unit reported at $2B valuation; China dominates AI, report finds
The Baidu Apollo fleet consists of 500 vehicles, with open-road tests conducted in 30 cities around the world. The company’s Robotaxi service has carried 210,000…
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News
JD.com grows revenue 31%, may avoid listing logistics unit
The company can deliver over 90% of its orders same or next day, and has access to 99% of the population.
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Supply Chains
Alibaba won’t interrupt Hong Kong package delivery for Chinese New Year
Call Cainiao the Amazon Logistics of China. When most of China normally takes a break for the Lunar New Year, Cainiao will still be delivering…
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Trucking
The Daily Dash: Teamsters push for delay in California meal and rest break lawsuit
In today’s edition of The Daily Dash, the Teamsters have asked a judge to delay oral arguments in a lawsuit challenging California’s meal and rest…
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Supply Chains
Alibaba moves into Japan with third-party logistics offering
Alibaba is a massive online shopping platform, but it also wants to be a dominant logistics provider around the world. It now covers Japan.
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