Logistics
SoftBank partners Symbotic to establish new warehouse-as-a-service joint venture
Japanese multinational investment holding firm SoftBank Group Corp. and American robotics warehouse automation company Symbotic Inc., have on Monday announced the establishment of GreenBox Systems LLC (GreenBox), a new joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity.
Singapore’s GIC invests in Aichi logistics facility developed by Daiwa House Industry
GIC, a Singapore-based investment firm, has announced that it will acquire a logistics facility in Yatomi city, part of the Greater Nagoya metropolitan area.
Malaysia’s Teleport unveils first A321 freighter
Teleport, the logistics venture seeded by Malaysia-listed firm Capital A Berhad, has officially inducted its first Airbus A321 Freighter (A321F) aircraft into its air logistics fleet, which is set to strengthen its position as the market leader in terms of most air cargo volume by tonnage across Southeast Asia, as certified by the World ACD.
ATM Capital’s Tony Qu: How to capture Southeast Asia’s next super unicorn in this golden age of entrepreneurship?
ATM Capital Founder Tony Qu discussed the various changes currently happening in the Southeast Asian technology investment sector. Based on his experiences in the venture capital industry and the years he spent in the Southeast Asian region, Tony Qu also shared his insights on investing in the region, his experience investing in unicorn J&T Express and how…
Indonesia’s Baskit secures $3.3M seed round to digitize distribution infrastructure for SMEs
Baskit plans to utilize the newly-raised funds to expedite its tech roadmap and extend its reach within #Indonesia. "Our goal is to harmonize the #supplychain, embracing transformative technologies while respecting traditional norms," says Baskit's CEO, Yann Schuermans. "To achieve this, we are developing cutting-edge tools that will be both functional and…
Innovation and its importance for the logistics industry: Why logistics players need to stay innovative
This upwards trend in digital users and demand for a holistic end-to-end consumer experience illustrates the need for logistics players to move the needle and implement new technologies and introduce innovative solutions – in this case, to upgrade systems to be more integrated, efficient, and bring convenience to customers.
Singapore private equity firm EMIA to invest in Cambodia’s FWF Full Well and Nisshin Logistics
Singapore-based private equity fund manager Emerging Markets Investment Advisers (EMIA), has on Thursday announced its investment in FWF Full Well and Nisshin Logistics (FWF), Cambodia’s logistics service provider, through its new fund, ASEAN Frontier Markets Fund (AFMF).
India’s Tan90 raises $1.37M in pre- Series A funding co-led by Blue Ashva Capital and Capital A
Indian cooling solutions company Tan90 has raised a Rs. 11.32 crore ($1.37 million) pre- Series A investment round co-led by Blue Ashva Capital and Capital A. The round also saw participation from 3i Partners and a clutch of angel investors based out of Singapore, the Middle East, and India.
J&T Express acquires China’s Fengwang Express for $170M
Indonesia-headquartered courier startup J&T Express has on last Friday announced that it will acquire Shenzhen Fengwang Information Technology Co., Ltd. (Fengwang Information), the owner of Chinese e-commerce logistics provider Shenzhen Fengwang Express Co., Ltd. (Fengwang Express), for RMB1.183 billion ($170.09 million).
