Alibaba’s logistics unit plans to merge its autonomous-driving division with China’s Zelos Technology, creating a new company valued at around US$2 billion, according to a report.

The move aims to expand Alibaba’s presence in autonomous logistics technology.

Reuters was unable to independently confirm the report.

The merger is part of Alibaba’s broader efforts to develop its logistics and autonomous vehicle capabilities.

No official statement has been issued by Alibaba regarding the deal. The timeline for the merger and further details remain unclear.

Update: (January 29, 17:17 p.m. SGT): This article was updated to clarify that Alibaba plans to merge its autonomous-driving unit with Chinese robovan company Zelos Technology, rather than merging the entire Cainiao business with Zelos.

🔗 Source: Reuters

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