Ant Group Acquires Multisafepay for 200M to Boost Global Expansion

Ant Group Acquires Multisafepay for 200M to Boost Global Expansion

Ant Group plans to acquire Dutch payment company MultiSafepay for $200 million, expanding its global payment footprint. Alipay is focusing on its international version to enhance the cross-border payment experience. This acquisition and the development of Alipay's international platform signify Ant Group's continued efforts to strengthen its position in the global payment market and provide more convenient and efficient cross-border payment solutions for users worldwide. The move aims to capture a larger share of the growing international payment market.

02/12/2026 International Settlement
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Australian Ecommerce Firm Catch Group Shuts Down Amid Sector Struggles

Australian Ecommerce Firm Catch Group Shuts Down Amid Sector Struggles

Australian e-commerce platform Catch will close in 2025 after accumulating losses exceeding AUD 350 million. Its decline is attributed to high operating costs, ineffective marketing, and intensified market competition. Catch's closure sparks reflection on the importance of differentiated competition, refined operations, and adapting to market changes in the e-commerce industry. It also highlights the challenges faced by local e-commerce platforms when competing against international giants.

02/12/2026 Logistics Industry Insights
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Zongteng Group Named Among Chinas Top 500 Service Firms Again

Zongteng Group Named Among Chinas Top 500 Service Firms Again

Zongteng Group has been recognized as one of China's Top 500 Service Enterprises for four consecutive years, with its ranking steadily improving, demonstrating its outstanding strength and stable development in the cross-border logistics sector. As a "Global Cross-border E-commerce Infrastructure Service Provider," Zongteng Group is committed to providing professional logistics service guarantees for Chinese enterprises, helping Chinese brands go global.

02/11/2026 Logistics
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Hub Group EASO Boost North American Supply Chains Via Mexico

Hub Group EASO Boost North American Supply Chains Via Mexico

Hub Group has formed a joint venture with EASO to capitalize on nearshoring trends and expand its cross-border intermodal operations in Mexico. This collaboration will leverage EASO's strengths in the Mexican market and Hub Group's logistics technology to enhance cross-border service capabilities, optimize North American supply chains, and create synergies and growth opportunities for both companies. The partnership aims to provide improved and more efficient transportation solutions between the US and Mexico, addressing the increasing demand for nearshoring alternatives.

01/27/2026 Logistics
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Sanming Businesses Turn to Douyin Group Buying to Cut Fees

Sanming Businesses Turn to Douyin Group Buying to Cut Fees

Facing high commission fees on traditional food delivery platforms, Sanming merchants can leverage Douyin's 'Flexible Group Buying' ('Sui Xin Tuan'). This solution offers lower commission rates, flexible delivery options, and precise recommendations, supporting dine-in, self-pickup, and delivery services. It empowers merchants to expand their online channels and improve profit margins. Currently, Douyin group buying and food delivery services are free to activate, presenting a valuable opportunity for merchants to capitalize on the short-video trend.

01/30/2026 Logistics Industry Insights
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Trucking Group Pushes Congress for Road Upgrades in Infrastructure Bill

Trucking Group Pushes Congress for Road Upgrades in Infrastructure Bill

The ATA urges Congress to oversee IIJA funding, prioritizing new construction and road upgrades over mere maintenance to alleviate congestion and enhance competitiveness. They believe that focusing on new projects will provide long-term benefits for the trucking industry and the economy as a whole. The ATA emphasizes the importance of strategic infrastructure investments to meet growing transportation demands and achieve emissions targets by improving efficiency and reducing idling time for trucks.

02/04/2026 Logistics Industry Insights
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Key Airport Codes for Tropical Destinations Revealed

Key Airport Codes for Tropical Destinations Revealed

This article aims to help readers understand Coconut Island Airport and its significance, emphasizing the role of airport codes in travel. While the specific code isn't provided in the original text, it points out resources for finding it, offering practical information for travelers planning a trip to the island. The article highlights the importance of knowing the airport code for booking flights and navigating travel arrangements efficiently.

01/22/2026 Airport Codes
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AD Ports Group Opens China Office to Boost Logistics and Investments

AD Ports Group Opens China Office to Boost Logistics and Investments

AD Ports Group has opened its first office in China to strengthen ties with local partners and expand its logistics investment in Asia. The new base will support trade development under China's Belt and Road Initiative and provide advantages for Chinese investors entering the UAE market. The group plans to enhance its services in China to better capture the rapidly growing Chinese logistics market.

08/04/2025 Logistics
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