EV Cargo generated more than $1.5 billion in revenue in 2021, yielding over $100 million in earnings, EmergeVest CEO Heath Zarin said

China's logistics performance index came in at 49.3% last month, up 5.5 percentage points from the previous month

The expansion follows $2.5 billion in venture capital investment the company received in 2021, making it the startup that collected the most VC funding within one round

China is upgrading its military logistics supply system on the lines of the US military's transport command (Transcom), the South China Morning Post reported, citing a state-owned CCTV report

The People's Bank of China (PBOC) has increasingly relied on policy tools, including low-cost loans, to support the slowing economy