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 logistics
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
U-Freight adds e-commerce warehouse in Amsterdam
Hong Kong-based forwarder U-Freight Group has added warehouse space at its headquarters in Amsterdam as it anticipates growth in its Dutch e-commerce logistics operations. The new e-commerce fulfilment centre adds 684 square metres of warehouse space plus 124 square metres of office space and will enable U-Freight Holland to expand services, such as pick and pack for e-commerce, including shoes imported from the Far East. Leading the team in Amsterdam is Robert Rens, who has been promoted … [Read more...] about U-Freight adds e-commerce warehouse in Amsterdam
Logistics tech startup Shippit nabs US$22m funding, eyes Southeast Asia growth
Sydney-based logistics startup Shippit has raised US$22.4 million (A$30 million) in a series B round led by US-based tech investment firm Tiger Global, as it looks to tap new markets in Southeast Asia. The e-commerce and logistics company said it will use the funds for product development and new hires, aiming to add another 100 people to double its staff across Asia Pacific, including 50 software developers. Also read: SingPost, Shippit team up to boost parcel delivery for … [Read more...] about Logistics tech startup Shippit nabs US$22m funding, eyes Southeast Asia growth
Changi Airport welcomes YTO Cargo’s Hangzhou-Singapore service
Chinese express carrier YTO Cargo Airlines will operate thrice weekly services between Singapore and Hangzhou for Alibaba’s e-commerce shipments with Cainiao Network starting 2 November, with the first of many arriving at Changi Airport earlier today at 1600 hrs. The direct airfreight route between Hangzhou and Singapore is expected to improve Cainiao’s global delivery within 72 hours in Southeast Asia, amidst a surge in cross-border e-commerce orders and year-end online shopping … [Read more...] about Changi Airport welcomes YTO Cargo’s Hangzhou-Singapore service
