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HONG KONG: SF Holding Co Ltd, one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd in a HK$17.6bil (US$2.3bil) deal, Bloomberg reported.
HONG KONG: SF Holding Co., one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd. in a HK$17.6 billion ($2.3 billion) deal.
E-commerce stocks were some of the biggest winners in the second quarter.
The coronavirus crisis is accelerating a shift in the world of autonomous cars toward delivering packages instead of people, as big players open up a lead over startups in the race for funding.
SEREMBAN: A regulatory framework being prepared by the Transport Ministry to govern motorcycle e-hailing service providers will also cover those using two-wheelers to deliver goods and other services, said minister Anthony Loke.
HONG KONG: Two electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek external funding totalling almost US$730mil to fuel their growth, people with direct knowledge of the plans said.
Uber Technologies Inc's drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what the company can bring to the sprawling billion dollar industry.