Logistics

Sources also say China’s Xpeng targets up to USD 2 billion in homecoming listing.

The company currently has 350 shipping partners and over 15,000 carriers using its platform.

The company’s technology can sort 2,500 products per hour, slashing logistics expenses in an industry with rising labor costs.

Over the past 18 months, demand for Bringg’s platform exploded with 180% year-over-year new customer growth.

Customer misunderstanding of cash on delivery is a big part of the problem, experts say.

Couriers of logistics company Lalamove are protesting late payments and a harsh penalty system.

After three days of refusing orders, GoKilat drivers are expected to start working under the reduced incentive scheme.

The company is emboldened by its advantages built up in China’s mature e-commerce and logistics landscape, along with burgeoning demand for Chinese products.