Logistics
Capital A’s airasia MOVE quarterly revenue up 68 percent on year to $36.59 million
Airasia MOVE, the travel, lifestyle and financial digital platform of Malaysia-based Capital A, has posted quarterly revenue of MYR 171 million ($36.59 million), up 68 percent year on year.
Singapore’s Fr8Labs secures $1.5M seed funding for market expansion
Fr8Labs, a Singapore and Indonesia-based artificial intelligence (AI)-enabled freight logistics technology startup, has announced the successful completion of its seed funding round, raising $1.5 million. The funding is coming from East Ventures, FEBE Ventures, Kaya Founders, Mulia Sky Capital, Seedstars, Venturra, and various angel investors.
Indonesia’s J&T Express makes HKEX debut, raises $450M from global offering
J&T Global Express Limited (J&T Express), a global logistics service provider, has officially listed on the Main Board of the Hong Kong Stock Exchange on Friday under the stock code “1519”. The public offer price was HK$ 12 ($1.53) per offer Share, with net proceeds from the global offering amounting to HK$ 3.53 billion ($450 million).
Singapore’s Inteluck raises $34M in Series C funding led by Navegar
Inteluck, a Singapore-based technology-driven supply chain solution provider, has announce the successful completion of its Series C funding round, securing $34 million in investment. The round was led by Philippines-focused private equity firm Navegar and joined by existing investor East Ventures, a venture capital firm in Southeast Asia.
Malaysia’s Teleport and China’s SF Airlines to cross-share logistics network
Teleport, the logistics venture seeded by Malaysian low-cost airline Capital A Berhad, and SF Airlines, China’s largest air cargo carrier by fleet, have signed a bilateral interline partnership to leverage on each other’s extensive air network to better serve their respective customers - Teleport brings to the table deep logistics access into Southeast…
CapitaLand Investment acquires logistics property in South Korea for $82.5M
Singapore-based real estate investment firm CapitaLand Investment Limited’s (CLI) has acquired a newly completed, Grade A logistics property in South Korea for SGD 112 million ($82.5 million). The acquisition was done through its flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF).
This Korean startup aims to reduce truck accidents with its real-time truck tire profile direct sensing technology
According to Lee, BANF’s primary focal points encompass the US and China, both of which constitute the most sizable segments within the realm of ground logistics.
India’s IndoSpace raises additional $150M investment led by Qatar Investment Authority, Grosvenor’s Diversified Property Investments
IndoSpace, the largest investor, developer, and operator of grade A industrial and logistics real estate in India, has announced the successful completion of its second round of fundraising for IndoSpace Logistics Parks IV (ILP IV), securing an additional USD 150 million in investment.
Malaysia’s KGW Logistics collaborates with UTHM to introduce hands-on learning in logistics and e-commerce
KGW Group Berhad, a Malaysia-based logistics services provider, has via its wholly-owned subsidiary KGW Logistics (M) Sdn Bhd, joined forces with Universiti Tun Hussein Onn Malaysia (UTHM) to establish an Enterprise Trade Hub. This collaboration is designed to empower students with a hands-on learning experience in the world of logistics and e-commerce.
US’s Lineage partners Vietnam’s SK Logistics to expand network in Southeast Asia
United States-based logistics firm Lineage Logistics has on Friday announced it has partially closed a joint venture arrangement with Vietnam-based cold-storage warehouse operator SK Logistics. While financial terms of the transaction were not disclosed, Lineage Logistics said the joint venture allowed the firm to expand its network in Southeast Asia.
