
Alibaba · Autonomous Driving · Tech Deal · Zelos
Alibaba's logistics arm, Cainiao, is merging its autonomous-driving unit with Zelos Technology to create a new entity valued at $2 billion, aiming to enhance last-mile delivery with a fleet of over 20,000 autonomous delivery vans.
$2 Billion Zelos-Alibaba Merger Targets 20,000 Autonomous Vans for Last-Mile Delivery Dominance(current)