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Alibaba: Preparing For The Logistics Arms Race

2016-03-15 19:56:46| Air Courier - Topix.net

Caixin reported that Alibaba's Cainiao logistics arm recently raised Rmb10b from the GIC, Temasek, Khazanah Nasional Bhd and Primavera Capital that values the company at Rmb50b, or $7.7b USD. Recall that Cainiao is BABA's logistics joint venture that was created three years ago with the goal of supporting BABA's logistics network across China and driving cross-border e-commerce while leveraging big data to enhance efficiency.

Tags: race arms preparing logistics

 

Uber Preparing Drivers, Riders For Possible N.J. Transit Strike

2016-03-10 15:50:05| Railroads - Topix.net

Taxi service Uber, which allows drivers to use their own vehicles to transport passengers, is calling on its New Jersey customers to be prepared - and take advantage of - an impending New Jersey Transit strike. The strike would take effect if New Jersey Transit and its more than 4,000 union employees can't come to terms on a new contract before 12:01 a.m. Sunday, March 13. By Monday, New Jersey Transit projected, more than 100,000 New Jersey to New York commuters would be impacted and left without rail service.

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Casella Preparing for Construction of New Section at Ontario County Landfill

2016-03-02 22:27:00| Waste Age

Daily Messenger Ontario County landfill manager Casella Waste Systems has started importing clay for the upcoming construction project at the landfill. read more

Tags: section construction county ontario

 

Scott Rechlers Australian REIT Preparing To Exit NYC Suburban Office Markets

2016-02-29 22:33:00| National Real Estate Investor

Mark Heschmeyer <news@costar.com> Scott Rechler's Reckson New York Property Trust has decided to begin the process of selling down its suburban New York City office and flex assets. read more

Tags: office scott markets australian

 

Bidder preparing USD 1.1 bln bid for Telecom Argentina stake

2016-02-29 08:37:00| Telecompaper Headlines

(Telecompaper) Argentine businessman Carlos Newbery is preparing to make a bid for Telecom Italia's stake in Telecom Argentina, reports Bloomberg, adding that Newbury is ready to offer 10 percent more than US-backed investment fund Fintech. "The valuation and potential of the company is higher than what has been offered and we are ready to improve it up to USD 1.1 billion," Newbery told Bloomberg. Although Telecom Italia reached a deal back in 2013 to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to Fintech for USD 960 million, it has so far only been able to divest an initial 17 percent share. 

Tags: argentina usd bid telecom

 

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