JD.com reported a US$444 million loss in the three months ended March, while sales increased 18 per cent, its slowest growth since going public in 2014.
AB 701 prohibits the use of monitoring systems that thwart worker rights such as rest periods and safety, but Amazon says it needs automation to manage its sprawling operations.
The investment boom underpinned Hong Kong’s economic recovery, helped by a tapering in the Covid-19 outbreak.
Real-estate logistics group ESR Cayman is to buy Singapore-based ARA Asset Management using stock and cash to create an Asian powerhouse with a portfolio of assets worth US$129 billion.
As Amazon opens about one US warehouse every day, it is transforming the logistics industry from a career destination with the promise of middle-class wages into entry-level work just a notch above being a burger flipper or convenience store cashier.
Institutional investors, insurance giants and sovereign wealth funds are rapidly increasing their investments in logistics properties in China and the wider region as an e-commerce boom spurs demand for storage facilities.
Four-year-old Chinese start-up Geek+ Technology has deployed more than 7,000 logistics robots for a new generation of almost zero-labour, automated warehouses.
Import traffic at America’s busiest port, the Port of Long Beach in California, drop in May despite an increase in US tariffs on Chinese goods.
ESR Cayman, backed by private equity firm Warburg Pincus, is issuing 560.7 million shares to raise up to US$1.24 billion in Hong Kong IPO.
Several China Logistics executives have said that ESR’s entreaty for a boardroom seat is ‘not an option’ because they compete for the same customers
Leading logistics solutions provider GLP says application of cutting edge technology can improve the efficiency of China’s booming logistics industry