Tech in Asia — SingPost, Singapore’s national mail carrier which is rapidly diversifying its business, has posted record highs in annual revenue and net profit, driven by its ecommerce and logistics activities. Its 2015 revenue hit US$840 million, up 25 percent year-on-year. Net profit jumped 58 percent to US$181 million. Growth in its ecommerce and logistics revenue outpaced overall growth, soaring 60 percent and 35 percent to US$300 million and US$457 million, respectively.
Nikkei — HONG KONG — China’s e-commerce giant Alibaba Group Holding is set to provide venture capital for GoGoVan, an online logistics platform based in Hong Kong. Through its Hong Kong Entrepreneurs Fund, a not-for-profit initiative launched last year, Alibaba joins private equity firm New Horizon Capital, venture capitalist Hotung Investment Holdings, and media heavyweight Singapore Press Holdings, along with existing investors, in GoGoVan’s third injection of investment capital, also known as “Series C”, completed on Thursday.
SCMP — FedEx, the world’s biggest express delivery company with more than 600 planes, is not too hot on the idea of drone delivery even though some Chinese companies including SF Express and Taobao are toying with the idea.
Nikkei — SHANGHAI/SINGAPORE On Nov. 11, 2015, millions of Chinese consumers were glued to their smartphones, busily tapping away adding items to virtual shopping carts. Commonly known in China as “Singles’ Day,” what began in the early 90s as a party at Nanjing University was later seized upon by major retailers such as Alibaba Group Holding and turned into an online sale.
Channel News Asia — SAN FRANCISCO/SHANGHAI: Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages. Its plans in China, outlined in filings there, include handling cargo and customs for goods headed to ports in Japan, Europe and the United States.
Enterprise Innovation — DHL and China’s online direct sales company JD.com are collaborating on a range of cross-border supply chain initiatives that will utilize their respective expertise in logistics and e-commerce. The two companies announced in July 2015 an agreement that would make DHL the preferred logistics service provider for moving American products ordered on JD.com’s US Mall to and from China.
Times of India — BENGALURU: E-commerce giant Amazon is taking lessons learnt from its daily battles with India’s choked roads and cramped cities to some of its largest developed markets, exporting a model of cheaper deliveries and reduced warehousing costs. Online shopping is booming in India, where millions of consumers are newly able to access the internet thanks to cheap smartphones. For Amazon, it is already the largest contributor of new customers outside the United States.
Tech in Asia — A shopper in India can sign on to an ecommerce site and buy a product with the click of a button. How much does that click cost the store? According to Indian consulting firm Technopak, India’s ecommerce startups spend as much as 30 percent of their net income on logistics. In the US, Amazon is reported to spend 11.7 percent. On Alibaba’s marketplaces, the cost is entirely paid for by merchants and buyers.
Tech In Asia — But the reality is that IoT is already in a lot of different industries, changing them slowly but fundamentally. Thailand-based startup Drvr (pronounced “driver”) is putting the technology to use in fleet management for logistics companies using telematics – technology used in devices for sending and receiving information remotely.
PR Newswire Europe — PUNE, India: According to a new market research report, “Connected Logistics Market by Internet of Things (IoT) Technologies in Fleet Management, Warehouse and Inventory Management, by Connectivity Technologies (Zigbee, Wi-Fi, Satellite), by Devices, Transportation Mode, Services – Global Forecast to 2020”, published by MarketsandMarkets, Connected Logistics Market is expected to grow from USD 5.05 Billion in 2015 to USD 20.46 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 32.3%.
Nation Multimedia — Chinese e-commerce giant Alibaba Group Holding is investing about S$279 million (Bt7 billion) to expand its holdings in Singapore Post (SingPost) and take a share of its subsidiary, aimed at boosting growth in their e-commerce logistics platform across the Asia Pacific, the two companies announced last week.
Times of India — NEW DELHI: The Postal Department’s strategy to focus on fast growing e-commerce segment has bore fruits as it saw a significant 37% jump in parcel revenues in the past year. The increase in parcel revenues is in stark contrast to 2% decline in 2013-14, an official of the communications and IT ministry said. With dwindling letter or document traffic, the department is focusing on the fast-growing parcel segment, the official said, adding that various measures have been taken to modernize the department under the Digital India initiative.
Want China Times — Alibaba announced on July 8 an additional investment of 187 million Singaporean dollars (US$138 million) in Singapore Post, raising its stake to 14.51% from the 10.23% it acquired one year ago. It also obtained a 34% stake in Quantium Solutions, a logistics firm under the auspices of Singapore Post, for 92 million Singaporean dollars (US$67.85 million), according to caixin.com.
ZDNet — China’s Alibaba Group is increasing its stake and investments in Singapore Post (SingPost), pumping in US$206.45 million to drive the development of e-commerce infrastructure and services in the region. The Chinese e-commerce giant will invest an estimated S$92 million (US$67.85 million) for a 34 percent stake in SingPost-subsidiary Quantium Solutions International (QSI), which provides e-commerce logistics and fulfilment services including warehousing in the Asia-Pacific region.
Incheon Metropolitan City said Monday that it is in talks with China’s Alibaba Group to build a logistics center in the Incheon Free Economic Zone (IEFZ). “The city is in discussions with Alibaba to attract a sizable investment in the city. This project will help us cut our snowballing deficit,” a spokesman at the metropolitan city said. He said most of the investment will come from the Chinese company, with the city offering a huge tax benefit, administrative support and the rights to use needed properties almost free for the building.
Reseller and service provider, Cloud Solutions Group, has overhauled logistics conglomerate Hellman’s entire Australian server environment with a Nutanix Virtual Computing platform. According to a company statement, the decision to replace its traditional data centre blade servers and storage area network (SAN) infrastructure was taken after an extensive analysis of the cyclical costs of upgrading the infrastructure and evaluating the benefits that web-scale converged infrastructure would bring.
Menlo Logistics (Menlo), the US$1.6 billion global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced a new partnership with Starbucks Corp. to provide logistics management services for the global coffee company’s growing operations in Thailand. Specifically, Menlo will provide warehousing, inventory and transportation management services for Starbucks’ chilled, frozen, air-conditioned and ambient products from a new 7,635-square-meter dedicated warehouse located at Bangna Km.23 in Bangkok.