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Alibaba’s Cainiao Merges for $2B Autonomous Delivery Venture

1/29/2026

Summary

Story summary

Alibaba Group Holding Ltd's Cainiao merges its autonomous driving unit with Zelos Technology to form Cainiao Robovan, valued at $2 billion.
The combined company will operate over 20,000 autonomous delivery vehicles in China.
Alibaba will acquire a stake in Zelos, which will manage the new operations, and the Zhenwu 810E chip will compete with Nvidia.
The merger is pending regulatory review, and analysts maintain a positive outlook on Alibaba's stock.

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Story summary

Alibaba Group Holding Ltd's Cainiao merges its autonomous driving unit with Zelos Technology to form Cainiao Robovan, valued at $2 billion.
The combined company will operate over 20,000 autonomous delivery vehicles in China.
Alibaba will acquire a stake in Zelos, which will manage the new operations, and the Zhenwu 810E chip will compete with Nvidia.
The merger is pending regulatory review, and analysts maintain a positive outlook on Alibaba's stock.