Friday, February 13, 2026 at 5:55 AM
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.
Chief Executive Tony Han says the Guangzhou-based company has reduced its data collection and training costs by 75% and wants to at least double its fleet this year.
Waymo’s momentum is undeniable, but Uber’s scale is being undervalued in an AI-driven selloff.
A news release touting AI technology to boost trucking efficiency appears to have triggered a selloff that cost investors billions.
