GoodCang's Warehouse Throughput Soars 80% in Q1; Janus Henderson May Reallocate to China in Strategic Pivot
Latest Dynamics of Logistics & Supply Chains in China's eCom
Here’s our pick for last week’s news:
GoodCang's Warehouse Throughput Soars 80% in Q1
Cainiao Expands Global Reach with $100M Logistics Tech Deal
JD Logistics Certified as Global Fulfillment Provider for SHEIN
Kerry-SF Joint Cargo Terminal Posts 230% Surge in Q1 2025
China Southern Eyes Hong Kong IPO for Cargo Arm
Panex WD Raises Millions to Expand Global Logistics Reach
Multiway Robotics Bags $13M+ for Global Push
Hillhouse-Backed Gaolu Eyes $100M to Expand Portfolio
Janus Henderson May Reallocate to China in Strategic Pivot
Zongteng Group Unveils Fuzhou-Paris Air Freight Route
COSCO SHIPPING Launches New Rail Route to Central Asia
GoodCang's Warehouse Throughput Soars 80% in Q1
As of March 2025, GoodCang, Zongteng Group's overseas warehouse network has surpassed 2.3 million square meters globally, handling over 1 million orders daily. North America accounts for 1.35 million square meters, with 10 major warehouse clusters to be covered soon. In Europe, Zongteng has established an 800,000㎡ network across 15 countries, with expanded operations in Italy, Spain, and Poland. In Q1, GoodCang's warehouse throughput grew 80% year-on-year, bolstering China's global market expansion. (GoodCang)
Cainiao Expands Global Reach with $100M Logistics Tech Deal
Cainiao has secured partnerships with two global conglomerates in a logistics tech deal worth hundreds of millions of dollars. The first phase, valued at nearly $100 million, focuses on upgrading smart warehousing and parcel distribution in key markets such as Japan, South Korea, France, Canada, and the Czech Republic. This deal marks Cainiao's shift from regional to global projects, with local logistics tech teams already established across the Americas, Asia-Pacific, the Middle East, and Europe, solidifying its position in smart logistics and digital supply chains. (CAIJING)
JD Logistics Certified as Global Fulfillment Provider for SHEIN
JD Logistics has now been certified by SHEIN as a global fulfillment warehouse provider, offering seamless, one-stop logistics solutions for SHEIN sellers. JD Logistics' certified warehouses span key regions in the Americas, Europe, and Asia, enabling sellers to manage everything from domestic consolidation and international shipping to warehousing, inventory management, last-mile delivery, and after-sales support with just a few clicks in their dashboard. (ebrun)
Kerry-SF Joint Cargo Terminal Posts 230% Surge in Q1 2025
The Ezhou Shunjia International Cargo Terminal, a joint venture between Kerry Logistics and SF, has experienced remarkable growth since its launch less than a year and a half ago. From January to March 2025, the terminal handled 66,171.13 tons of cargo, a 12% increase from Q4 2024 and a 230% jump from Q1 2024. This surge is largely driven by the expansion of cargo flight routes, including new connections from Kerry Logistics partners AWOT and DB Schenker, as well as increased frequency from SF Airlines. (CHINA DAILY)
China Southern Eyes Hong Kong IPO for Cargo Arm
China Southern Airlines is reviving plans to list its cargo arm, China Southern Air Logistics, in Hong Kong to raise several hundred million USD, after suspending a Shanghai listing in February due to market conditions and capital planning adjustments. The subsidiary, which exclusively handles China Southern's air cargo operations, offers express delivery, ground services, and full supply chain solutions. (GUANDIAN)
Panex WD Raises Millions to Expand Global Logistics Reach
Panex WD International closed its Series C round on April 24, raising tens of millions of USD to fuel expansion in emerging markets and speed up digital transformation. Serving over 5,000 clients—including BYD, Chery, CATL, and JA Solar—in 100+ countries, Panex offers full-chain logistics from outbound shipping to last-mile delivery. With 60+ self-owned overseas warehouses totaling 6 million square feet, it holds a leading global footprint across Europe, the Americas, Asia, and Australia, ranking among China's top cross-border logistics providers. (ebrun)
Multiway Robotics Bags $13M+ for Global Push
Multiway Robotics, a Shenzhen-based smart intralogistics provider, has secured over 100 million RMB ($13.72 million) in its Series B2 round to advance R&D, expand globally, and scale smart factory output. Founded in 2019, the company offers AI-powered logistics solutions—including unmanned forklifts and integrated control systems—across 30+ countries. Clients span sectors like automotive, F&B, and cold chain logistics. Overseas revenue now accounts for 40%, up from under 10% in 2022, with subsidiaries in the U.S., Germany, Japan, and South Korea fueling global growth. (36kr)
Hillhouse-Backed Gaolu Eyes $100M to Expand Portfolio
Gaolu Group, Hillhouse's logistics and industrial firm, is seeking $100 million in private credit financing to acquire new assets, using logistics properties in Beijing and Shanghai as collateral. Since its 2021 founding, Gaolu has quickly built a portfolio of modern logistics and industrial facilities across China. Following a 3.5 billion RMB raise and its merger with Black Kite China last year, the unified company now manages over 3.1 million square meters of assets nationwide and ranks among East China's largest institutional industrial property operators. (36kr)
Janus Henderson May Reallocate to China in Strategic Pivot
Amid growing concerns over Trump's unpredictable trade policies, Janus Henderson Investors is weighing a shift away from U.S. assets, with up to 10% of client exposure potentially reallocated to Europe, China, the Middle East, and Latin America. CEO Ali Dibadj cited signs of waning U.S. exceptionalism and noted that even minor rebalancing could trigger significant capital outflows. With $379 billion under management, Janus Henderson also sees fresh opportunities in China, driven by its tech self-reliance push and decoupling from the U.S. (Bloomberg)
Zongteng Group Unveils Fuzhou-Paris Air Freight Route
On April 17, Zongteng Group and Fuzhou Financial Holdings launched a regular intercontinental air freight route from Fuzhou to Paris. A Boeing B777-200F freighter carrying hardware products and goods from Paris arrived at Fuzhou International Airport, where it unloaded quickly and returned to Paris with 96 tons of clothing, shoes, and hats. The route, the only intercontinental air freight service from Fuzhou, will operate three times a week, with an estimated 100 tons of cargo per flight, supporting the growth of cross-border e-commerce. (XINHUA)
COSCO SHIPPING Launches New Rail Route to Central Asia
COSCO SHIPPING launched its first rail route to Central Asia from Guangzhou to Almaty, Kazakhstan, with a journey time of 12 to 15 days. This route improves timeliness and cost-efficiency by bypassing the weather-related disruptions that affect traditional road transport. (COSCO SHIPPING)