Chinese online giant Alibaba is to invest approximately RMB28.3 billion (US$4.63 billion) for a 19.99% stake in Suning, one of the largest consumer electronics retail chains in China. This will make Alibaba the second-largest shareholder in the company.
Read MoreSalvatori, which is based in Aylesham Industrial Estate, has joined Palletways, Europe’s largest and fastest growing express palletised freight network, in order to boost further expansion.
Read MoreUK postal and packets operator Secured Mail has introduced new vehicle branding featuring the phrase “sorted” in orange print.
Read MoreThe U.S. Postal Service has reported a net loss of $586 million for the third quarter of fiscal 2015 (April 1, 2015 — June 30, 2015), a reduction of $1.4 billion from the net loss of $2 billion for same period last year.
Read MoreMiami-based online delivery service company MyMalls is launching a new retail shipping website for Caribbean and Latin American online shoppers. The website will provide a free US shipping address upon registration to every customer and doorstep delivery within 24 hours, provided by DHL.
Read MoreInternational logistics firm ByBox has announced record numbers of international freight deliveries since launching the service in 2005, hitting 1,650 cross border deliveries a day.
Read MoreUK Mail Group has warned that its full-year profit will be “materially below current market expectations”, as the move to its new automated hub in Ryton near Coventry has caused more disruption than the company anticipated.
Read MoreOn-demand delivery start-up Favor is starting operations in Nashville this week.
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