Logistics

Swiss private equity firm Partners Group, acting on behalf of its clients, has agreed to sell its 24.9 percent stake in Apex Logistics, an integrated global logistics solutions provider headquartered in Singapore, to majority shareholder Kuehne+Nagel.

The Indonesian Cold Chain Association (ICCA) has signed a memorandum of understanding (MOU) with Willog, a South Korean company specializing in internet of things (IoT) and artificial intelligence (AI)-powered logistics intelligence, to innovate Indonesia’s cold-chain infrastructure with K-logistics AIoT solutions.

Teleport, the logistics arm of Malaysia's Capital A Berhad, and China Central Longhao Airlines Co. Ltd (Air Central China) have signed a landmark memorandum of understanding (MOU) to enhance trade and air cargo connectivity along the fast-growing aerial trade corridor linking China and Southeast Asia.

Telekom Malaysia (TM), via its enterprise and government solutions arm TM One, and NCT Group of Companies (NCT Group), through its wholly owned subsidiary NCT AI Sdn Bhd, have signed a memorandum of collaboration (MoC) to extend smart industrial park solutions across Malaysia.

Teleport, a Malaysia-based integrated eCommerce logistics firm, has announced its partnership with Shipsy, an artificial intelligence (AI)-native, transportation management system provider, to integrate a last-mile transport management system into the Teleport Network.

Anwar said JD.com also intends to buy more Malaysian products to market in China. Earlier, the prime minister, who is on a four-day working visit to China, held a business meeting with the company's top management led by JD Logistics CEO and executive strategy member Hu Wei.

J&T Global Express Limited, an Indonesia-based logistics service provider, said its adjusted net profit surged 147.1 percent year on year to $156 million in the first half, underpinned by strong business growth and continuous operational optimization across its markets.

Blitz Electric Mobility (Blitz), an Indonesia-based electric vehicle (EV) logistics enabler, has closed a Pre-Series A funding round led by Malaysia-based Vynn Capital.

Teleport, a Malaysia-based logistics company, and ANAABU, a Malaysian unisex clothing brand, have embarked on the first-ever brand collaboration.

Malaysia-based Capital A has entered into a memorandum of understanding (MOU) with Malaysia's national railway firm Keretapi Tanah Melayu Berhad (KTMB) to formalize their mutual intention to establish a framework for co-operation and collaboration.