News Snapshot:
||item|| Southeast Asia’s ecommerce sector is expanding rapidly, and prospering alongside it is a slew of logistics services providers and ecommerce enablers, which assist traditional brands in going online. The region’s logistics market is expected to be worth over US$55 billion by 2025. The logistics boom has led to the rise of tech-enabled third-party logistics (3PLs) providers, which handle outsourced elements of distribution, warehousing, and fulfillment for companies. Regional logistics startups are raising funds. Indonesia’s J&T Express reportedly raised more than US$2 billion this month from big-name backers from China, including Hillhouse Capital, Boyu Capital, and Sequoia Capital China. Singapore-based...
