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
E-commerce
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
A321 freighter conversions to start in China
Airbus launch partner Vallair is set to start the first A321 freighter conversion in China. The work will be undertaken for Vallair by EFW at the ST Engineering facility in Guangzhou, with the aircraft planned for delivery in the third quarter of next year to charter and ACMI operator SmartLynx. “We are excited to be embarking on the next phase of our A321 passenger to freighter conversion activity” says Gregoire Lebigot, CEO of Vallair. “MSN 1017 will be the first of nine aircraft … [Read more...] about A321 freighter conversions to start in China
Cainiao starts cross-border parcel return service in Hong Kong
Alibaba’s logistics arm Cainiao has launched an ‘industry-first’ reverse logistics channel between China and Hong Kong as it aims to simply the returns process for Taobao and Tmall shoppers. The reverse logistics channel will comprise 42 drop-off locations across Hong Kong island. The entire returns process will be handled by Cainiao, including digital customs clearance, which can be monitored on the Taobao app. Also read: Alibaba’s Cainiao to ship same day in 11 Asian countries The … [Read more...] about Cainiao starts cross-border parcel return service in Hong Kong