Both posted similar declines (~3%) in China retail biz. This can be attributed to a slow pickup post-pandemic measures. This is disappointing in the sense that online retail sales in China grew 8.6% in 1Q23. An explanation is weak sales by 3rd party sellers + unpaid orders not yet booked. Important to note that March was better, while Apr/May surge is real. The market seems to have ignored this. In logistics, JD's rev growth of 35% was nearl...
Deppon, a Chinese courier company backed by e-commerce heavyweight JD.com, has had autonomous vehicle startup DeepRoute.ai hauling cargo for it on several routes in Shenzhen as part of a newly publicized partnership between the two companies. The company claimed that 100% of shipments have been delivered on time. DeepRoute secured $300 million in a funding round led by Alibaba last September and is also back...
Deppon Logistics Stock Forum
The Alliance aims to accelerate the implementation of foundation models in the logistics field, and assist the logistics industry to increase efficiency, reduce costs and innovate its business through AI.
$ALIBABA GROUP HOLDING LTD (BABAF.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $ZTO EXPRESS-W (02057.HK)$ $YTO INTL EXP (06123.HK)$ $STO Express Co.,Ltd. (002468.SZ)$ $Deppon Logistics (603056.SH)$
In logistics, JD's rev growth of 35% was nearl...
$Tencent (TCEHY.US)$ $TENCENT (00700.HK)$ $Hang Seng TECH Index (800700.HK)$ $China Concept Stocks (LIST2517.US)$ $Tencent Music (TME.US)$ $TME-SW (01698.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Deppon Logistics (603056.SH)$
DeepRoute secured $300 million in a funding round led by Alibaba last September and is also back...
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