JD.com’s logistics arm raises a $218 million investment fund

The logistics division of JD.com, Alibaba’s closest e-commerce competitor in China, has raised 1.5 billion yuan (about $218 million) to invest in logistics-related companies and technology. Limited partners in the new fund include JD Logistics and JD.com, as well as undisclosed listed companies and government-led funds, reported Reuters. JD Logistics, which became a standalone subsidiary […]

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Amazon expands air cargo fleet with 15 more planes, will have 70 planes by 2021

Following news from earlier this month that FedEx was dumping Amazon from its air cargo service, Amazon this morning announced the expansion of its own air delivery network, Amazon Air. The retailer says it’s leasing an additional fifteen Boeing 737-800 cargo aircraft from partner GE Capital Aviation Services (GECAS). These will join the five Boeing […]

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Shyp is preparing for a comeback under new management

Fifteen months after shutting down, Shyp is getting ready to launch again. The startup tweeted today that “We are back! We’re hard at work to rebuild an unparalleled shipping experience. Before we begin operations again, we’d love to hear your feedback in this quick survey. We look forward to working with you and can’t wait […]

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Volvo’s sporty looking Vera self-driving electric truck will go to work in Sweden

The Vera autonomous, electric truck from Volvo’s trucking subsidiary is not what you might expect in a transport truck – it looks like a road-hugging sportscar, something emphasized by its lack of a place for humans to sit. The real reason it looks like this is that it’s totally self-driving, however – and tailor-made for […]

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Walmart announces it will fully integrate Jet’s teams, but Jet will remain a standalone brand

Three years after acquiring Jet for $3 billion, Walmart announced today that it is now more fully integrating Jet’s teams into Walmart. Jet will continue to operate as a standalone brand, mainly in large cities. Jet president Simon Belsham will support the transition through early August. After that, Jet will be managed by Kiernan Shanahan, […]

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India’s Zomato flies drone to deliver food in successful test

Zomato, one of India’s largest food delivery firms, may have figured out a faster way to crawl through dense populated routes: going air with drones. The company, which has expanded its restaurant listing and booking service to about two-dozen markets in recent years, said today it has successfully tested a payload delivery from a hybrid […]

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India’s Jumbotail raises $12.7 million to digitize convenience stores with its wholesale marketplace

With most small grocery stores in India yet to get online, startups racing to digitize them continue to see promising backing from investors. Jumbotail, an online wholesale marketplace for grocery and food items, today said it has raised $12.7 million to scale its operations. The Series B financing round for the Bangalore-based startup was led […]

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A first look at Amazon’s new delivery drone

For the first time, Amazon today showed off its newest fully electric delivery drone at its first re:Mars conference in Las Vegas. Chances are, it neither looks nor flies like what you’d expect from a drone. It’s an ingenious hexagonal hybrid design, though, that has very few moving parts and uses the shroud that protects […]

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