Indonesian startup SiCepat Ekspres, an e-commerce logistics provider, has raised $170 million in a series B round last week, as the company aims to expands its logistics capabilities in a bid to expand to other markets in Southeast Asia. Founded in 2014 to provide last-mile delivery for small merchants, the company has since extended its services to large e-commerce platforms, which now cover warehousing and fulfilment, middle-mile logistics and online distribution. Also read: Logistics … [Read more...] about e-commerce logistics startup SiCepat raises US$170m
E-commerce
Keeping up with eCommerce: Key focus areas for air cargo
The increase of work from home activity has accelerated digital adoption in many industries, with eCommerce, in particular, benefiting immensely. For many within the industry, it has been a year of record volumes as consumers moved purchases to online channels and organisations looked to diversify from traditional models. The benefits of growth have helped advanced plans for many in strengthening their eCommerce capabilities. Integrators have been busy extending infrastructure, whilst some … [Read more...] about Keeping up with eCommerce: Key focus areas for air cargo
JD.com eyes US$5 billion IPO for logistics unit
Chinese e-commerce giant JD.com is eyeing to list its shipping business JD Logistics in Hong Kong as it looks to ride on China’s post-coronavirus e-commerce boom. The IPO is expected to raise around $5 billion, which would value the logistics unit at about $40 billion, Bloomberg earlier reported. If the public offering pushes through, JD.com is poised to become China’s second-most valuable delivery company after Shenzhen-listed SF Express, according to South China Morning Post. The move … [Read more...] about JD.com eyes US$5 billion IPO for logistics unit
No shutdown for Cainiao Network during CNY holiday
Cainiao Network, the logistics arm of e-commerce giant Alibaba, will invest HK$5 million (US$645,000) to keep logistics operations running during the upcoming Lunar New Year festivities, which typically lasts two weeks. The logistics provider of Taobao and Tmall explained that this ‘value-added’ service means businesses in Mainland China and Hong Kong will be able to continue their sales and deliveries even during the traditional Lunar New Year shutdown, and Hong Kong consumers will be able … [Read more...] about No shutdown for Cainiao Network during CNY holiday
AirAsia’s Teleport enters digital forwarding business
Teleport Commerce Malaysia Sdn Bhd has been licensed as a forwarding agent by the Malaysian Customs Department, allowing the company to issue digital customs clearance for its bulk or e-commerce delivery services. The logistics arm of AirAsia Digital will use in-house technology ‘built to replace the traditional manual processes’ to provide Customs with ‘accurate, fast and reliable’ declarations for all types of shipment. Serving as a digital forwarder between customers and the Malaysian … [Read more...] about AirAsia’s Teleport enters digital forwarding business
Aircraft lessor BBAM to add 12 more 737-800BCFs
BBAM Limited Partnership is set to expand its 737-800BCF fleet with six firm orders and six options, as the aircraft leasing company looks to ride on the continued growth in the e-commerce and express cargo market. Boeing said the agreement brings the aircraft lessor’s 737-800BCF orders and commitments to 15. “As we look ahead to expanding our cargo fleet, the 737-800 Boeing Converted Freighter provides the performance and efficiency our customers need,” said Steve Zissis, CEO of … [Read more...] about Aircraft lessor BBAM to add 12 more 737-800BCFs
