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Insights
28-May-19 Japanese automotive supplier Denso plans to invest RMB2 bn (USD290 mn) in a plant in Guangzhou, China. The 100,000 sqm plant will mainly be used for auto parts manufacturing, quality monitoring, and a warehousing and distribution center. [image: Asia Times]
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Insights
14-May-19 Mahindra Logistics is scouting for acquisitions in Southeast Asia to strengthen its freight forwarding business. "This segment is just 5% of our total business," CEO Pirojshaw Sarkari said. The company aims to double its freight forwarding business.
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26-Apr-19 Singapore’s largest ride-hailing company, Grab has invested in last-mile delivery firm Ninja Van, which will see Grab’s current logistics service, GrabExpress, expand its offerings to include scheduled deliveries on top of on-demand deliveries. [image: Bloomberg / South China Morning Post]
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20-Mar-19 Indonesia-based logistic startup, Kargo Technologies, debuts in Southeast Asia after raising seed funding of USD7.6 mn. Kargo is also backed by Uber founder Travis Kalanick’s 10100 Fund, and co-founder of Northstar Group, Patrick Walujo, an early investor in Go-Jek. [image: KrAsia]
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11-Mar-19 Alibaba Group will take a 14% stake in STO Express through a USD693 mn exchange for a 49% stake, making this the e-commerce giant's fourth significant investment in a Chinese courier company. [image: Reuters / Aly Song]
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