enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

MEA partners with ECS Group
PARIS: April 26, 2018. Middle East Airlines (MEA) ...

Read more

Cargolux reports “best year in history”
LUXEMBOURG, GD: April 25, 2018. Cargolux says it h...

Read more

Record 2018 start for Port of Wilmington
WILMINGTON, NC: April 24, 2018. North Carolina Por...

Read more

IAG Cargo acknowledges World Immunisation Week
LONDON/MADRID: April 24, 2018. IAG Cargo is markin...

Read more

Liverpool provides Scottish shortbread US access
PORT OF LIVERPOOL, UK: April 23, 2018. Peel Ports ...

Read more

Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

Read more

AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

Read more

DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

Read more

MEA partners with ECS Group
Cargolux reports “best year in history”
Record 2018 start for Port of Wilmington ...
IAG Cargo acknowledges World Immunisation Week
Liverpool provides Scottish shortbread US access
West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro

Latest News

Unilever ice cream
25 Apr, 2018

New truck reefer unit could save 36 billion litres of diesel fuel

in Latest News
LONDON: April 24, 2018. Unilever has just finished a six-month trial of the Dearman…
daphneproject 620w
24 Apr, 2018

European Commission proposes whistleblower protection

in Government
BERLIN: April 23, 2018. The European Commission has published its proposed Whistleblower…
Airbus Mobile AL
20 Apr, 2018

Port of Mobile signs for new US$60 million RoRo auto terminal

in ports
MOBILE, AL: April 18, 2018. The Port of Mobile is to open a new vehicle processing RoRo…
Arthur Welter
20 Apr, 2018

Luxembourg adopts cross-border electronic consignment document

in Road
LUXEMBOURG, GD: April 20, 2018. Luxembourg and the Netherlands have followed Spain and…
CEVA Logistics
20 Apr, 2018

CEVA Logistics announces IPO and planned stake by CMA CGM

in Latest News
MARSEILLE: April 20, 2018. CMA CGM is planning to buy CEVA Logistics securities at a cost…
Lekki port CMA CGM
17 Apr, 2018

Nigeria’s first deep-sea port to open in 2020

in ports
LEKKI PORT, Nigeria: April 16, 2018. CMA CGM and Lekki Port LFTZ Enterprise have signed…
Rift Valley Railways
17 Apr, 2018

World Bank sanctions African Railways Logistics

in Rail
WASHINGTON, April 16, 2018. The World Bank Group has barred Africa Railways Logistics…
HyperloopTT Tube2
16 Apr, 2018

Hyperloop technology takes another high-speed step

in Latest News
TOULOUSE: April 16, 2018. HyperloopTT has taken delivery of full-scale passenger and…
ZIPLINE drone
13 Apr, 2018

First drone delivery network for medicines set to expand

in Humanitarian
ATLANTA: April 13, 2018. The UPS Foundation has awarded grants and in-kind support of…

BEIJING: August 28, 2017. 58 Home, a leading online marketplace for merchants and consumers, has merged its logistics unit 58 Suyun with Hong Kong-based intra-city delivery company Gogovan.

The new company will provide full on-demand logistics and freight services to both corporate and individual customers in China, Hong Kong, Taiwan, Singapore, South Korea and India.

gogovan 1Jeremy Choy head of M&A at investment bank China Renaissance noted: "The merger marks the largest M&A transaction between a mainland China start-up and a Hong Kong start-up. It also changes the landscape of the trillion-dollar intra-city logistics market by creating the Asian market leader."

Branded 58 Suyun in China and Gogovan outside China, Xiaohua Chen, founder and CEO of 58 Home will act as chairman of the new business and Gogovan founder and CEO Steven Lam as CEO.

58 Home launched 58 Suyun in September 2014 to focus on intra-city logistics and now covers more than 100 cities in Mainland China with over one million registered drivers.

Founded in July 2013, Gogovan expanded to Taiwan and Singapore in 2014 and Mainland China and South Korea in 2015. The company says it has 180,000 registered drivers in 14 cities across Asia.

Chen commented, "We are very impressed by Gogovan's great achievements and impacts as a start-up in the Southeast Asian market, as well as the management team's entrepreneurial spirit and their ability to innovate and execute. The combined company lays the foundation for the combined company to become the global leader in intra-city freight services."

Lam added: "We are delighted to form our strategic partnership with 58 Suyun. The combined company will leverage 58 Suyun's existing premium brand, large users base and online traffic for a quick expansion to 300 cities in mainland China."

Corporate News

digital-magtwitter-fw1utube-fw2loinked-fw3

- powered by Quickchilli.com -