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flag Alibaba's Cainiao to merge with Zelos Tech, creating $2B autonomous delivery firm.

flag Alibaba's Cainiao is set to merge its autonomous vehicle division with China's Zelos Technology, creating a new company called Cainiao Robovan valued at about $2 billion, according to a Wall Street Journal report. flag The deal, unconfirmed by either company, will combine Cainiao’s logistics operations with Zelos’ robovan technology, forming a fleet of over 20,000 autonomous delivery vehicles. flag The new entity will focus on self-driving logistics for postal services, fast-moving consumer goods, and express delivery. flag Zelos will lead the merged company, while Alibaba will take a stake and a board seat. flag Details on timing, financial terms, and regulatory approval remain unclear.

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