Transportation
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Duckbill closes Pre-B with USD 30 mln
Duckbill, or Yazuishou.com, a container truck transportation service platform, announced the completion of its Pre-B round of financing raising 30 million US dollars.
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DiDi to roll out freight service in 6 more cities including Shanghai and Chongqing
On August 18, Didi Huoyun, the cargo shipping service provider under DiDi, announced the plan to launch service in six more cities including Shanghai, Chongqing, Nanjing, Suzhou, Ningbo and Jinhua.
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HopeRun co-works with Huawei Shengteng in smart transportation
On August 14th, on the 2020 Global AI Application Expo held in Suzhou City, HopeRun, invited by Huawei Shengteng, put its Atlas 200 DK solution for intelligent transportation on debut, which received wide attention and high praise.
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Niu Technologies’ Q2 revenue of 645 million, reaching market expectations
Chinese electric scooter brand Niu Technologies (Niu.com) released its unaudited financial report for the second quarter ending June 30, 2020 on August 17.
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STO Express launches terminal store ‘Miaozhan’
Following the launch of its own express cabinet brand “Miaogui”, STO Express recently vigorously promoted its self-built express terminal store brand “Miaozhan” in its internal express network, according to Jiemian.com.
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Didi Chuxing invests RMB 200 mln to promote employment
On August 12, Didi Chuxing announced that it was going to invest 200 million yuan in special funds to launch the “Cheng Yi” employment promotion program, for the purpose of helping more people employed flexibly on the Didi platform.
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Zhizuchuxing closes RMB60m Series A+
On August 11, Zhizuchuxing announced that it had garnered 60 million yuan from Jiangsu Provincial Government Investment Fund in its Series A+ round of equity financing as well as project financing.
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China Railway runs more than 140,000 kilometers in July
According to China State Railway Group (China Railway), an investment of 67.1 billion yuan of railway fixed asset across the country has been made in July this year, up by 3.6% year-on-year, of which the investment in large and medium-sized infrastructure projects reached 49.9 billion yuan, up by 11.3% year-on-year.
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China has 360 million motor vehicles and 4.17 million new energy vehicles
According to statistics from the Ministry of Public Security, as of June 2020, the number of motor vehicles in China has reached 360 million, of which 270 million are cars, accounting for 75% of the total.
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Cainiao Logistics with Air Bridge Cargo to facilitate Sino-European trade
The route was newly opened by Cainiao Logistics and Russian Air Bridge Cargo Airlines, starting from Hong Kong, via Liege, Belgium, to Madrid, Spain, which creates a new channel for Sino-European trade.
