The Olympics may have been delayed, but we saw a gold medal dive from Luckin Coffee’s shares. Its fraud is a cautionary tale—but about what?
Didi Chuxing is launching a program to alter the very nature of car ownership and shake up the automobile manufacturing supply chain in China—and beyond. The company masterminded a shift to “car operation” announcing the move at a glitzy event in Beijing attended by auto industry top brass. “In the future, software, hardware, and user […]
Five years ago, it took Cainiao 9 days to deliver the first 100 million Singles’ Day packages.
Logistic arm launches smart warehouse just in time for China’s biggest e-commerce extravaganza.
JD is very serious about AI and other emerging technologies. The online retailer wants to lead China’s innovations not only in terms of business models but also in technologies. “Technology underscores many facets of our business. It is a big focus for us, in addition to user experience, logistics, and fintech, among other areas,” Zhang […]
In a surprise appearance at last week’s Cainiao’s Global Smart Logistics Summit, Chinese tech tycoon Jack Ma announced that Cainiao Network, the logistics affiliate of Alibaba, is going to invest more than RMB 100 billion ($15 billion) to build the technical backbone for a smart logistics network aimed at improving delivery reach and efficiency. (Read […]