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Activities between Nov. 16, 2024, 12:10 a.m. and Nov. 23, 2024, 12:10 a.m. in: Fujian Sheng (China).

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Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services

Document Date: Nov. 18, 2024, 2:15 p.m. / Source: PR Newswire
Activity Class: PartnershipActivity / Region: People’s Republic of China
Partnership: Document Extract: Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services. FUZHOU, China, Nov. 18, 2024 /PRNewswire/ - Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL) , a contract logistics company in China providing customers with integrated logistics solutions, announced today that on November 5, 2024, Shengfeng Logistics Group, a variable interest entity that the Company controls via a series of contractual arrangements ("Shengfeng Logistics") , forms a joint venture (the "Joint Venture") with Fujian Fulai Aviation Technology Co., Ltd. ("Fulai Aviation") . The new entity formed in respect of the Joint Venture, Fujian Shengfeng Fulai Low Altitude Comprehensive Services Co., Ltd., is expected to leverage Shengfeng Logistics's expertise in logistics with Fulai Aviation's drone technology to deliver drone - based logistics solutions across China's low-altitude logistics sector. Shengfeng Logistics holds a majority stake in the 51 % in the Joint Venture, which is anticipated to affirm the Company's commitment to establishing a leadership role in this burgeoning field. The focus of the Joint Venture will be on providing tailored drone logistics services to address critical needs in remote and mountainous areas and island regions of Fujian Province.
Document Source: https://www.prnewswire.com/news-releases/shengfeng-development-limited-announces-joint-venture-with-fujian-fulai-aviation-to-expand-low-altitude-logistics-services-302307616.html (archive.org page / archive.org listing)


Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services

Document Date: Nov. 18, 2024, 2:15 p.m. / Source: PR Newswire
Activity Class: PartnershipActivity / Region: People’s Republic of China
Partnership: Document Extract: Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services. FUZHOU, China, Nov. 18, 2024 /PRNewswire/ - Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL) , a contract logistics company in China providing customers with integrated logistics solutions, announced today that on November 5, 2024, Shengfeng Logistics Group, a variable interest entity that the Company controls via a series of contractual arrangements ("Shengfeng Logistics") , forms a joint venture (the "Joint Venture") with Fujian Fulai Aviation Technology Co., Ltd. ("Fulai Aviation") . The new entity formed in respect of the Joint Venture, Fujian Shengfeng Fulai Low Altitude Comprehensive Services Co., Ltd., is expected to leverage Shengfeng Logistics's expertise in logistics with Fulai Aviation's drone technology to deliver drone - based logistics solutions across China's low-altitude logistics sector. Shengfeng Logistics holds a majority stake in the 51 % in the Joint Venture, which is anticipated to affirm the Company's commitment to establishing a leadership role in this burgeoning field. The focus of the Joint Venture will be on providing tailored drone logistics services to address critical needs in remote and mountainous areas and island regions of Fujian Province.
Document Source: https://www.prnewswire.com/news-releases/shengfeng-development-limited-announces-joint-venture-with-fujian-fulai-aviation-to-expand-low-altitude-logistics-services-302307616.html (archive.org page / archive.org listing)


Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services

Document Date: Nov. 18, 2024, 2:15 p.m. / Source: PR Newswire
Activity Class: PartnershipActivity / Region: People’s Republic of China
Partnership: Document Extract: The new entity formed in respect of the Joint Venture, Fujian Shengfeng Fulai Low Altitude Comprehensive Services Co., Ltd., is expected to leverage Shengfeng Logistics's expertise in logistics with Fulai Aviation's drone technology to deliver drone - based logistics solutions across China's low-altitude logistics sector. Shengfeng Logistics holds a majority stake in the 51 % in the Joint Venture, which is anticipated to affirm the Company's commitment to establishing a leadership role in this burgeoning field. The focus of the Joint Venture will be on providing tailored drone logistics services to address critical needs in remote and mountainous areas and island regions of Fujian Province. Additionally, Shengfeng anticipates that, through the Joint Venture, it may collaborate with local governments to support forest fire prevention and monitoring through drone patrols, to provide timely and effective response capabilities in environmental protection. Strategic Expansion in China's Low-Altitude Economy.
Document Source: https://www.prnewswire.com/news-releases/shengfeng-development-limited-announces-joint-venture-with-fujian-fulai-aviation-to-expand-low-altitude-logistics-services-302307616.html (archive.org page / archive.org listing)


Puma Reimagines Modern Retail With Las Vegas Flagship Store Unveiling

Document Date: Nov. 22, 2024, 2:28 p.m. / Source: Business Wire
Activity Class: LocationActivity / Type: Added
Location_Added_By: Location: Document Extract: PUMA has officially opened the doors to its second North American flagship store in Las Vegas at the BLVD Las Vegas.
Document Source: https://www.businesswire.com/news/home/20241122707386/en/Puma-Reimagines-Modern-Retail-With-Las-Vegas-Flagship-Store-Unveiling (archive.org page / archive.org listing)


AutoStore and Bastian Solutions Expand Automated Fulfillment With PUMA

Document Date: Nov. 20, 2024, 2 p.m. / Source: Business Wire
Activity Class: PartnershipActivity
Partnership: Document Extract: AutoStore and Bastian Solutions Expand Automated Fulfillment With PUMA. AutoStore™ and systems integrator Bastian Solutions have once again partnered with global sports brand PUMA. Today, they announced an expansion of their strategic collaboration by implementing the AutoStore system at a new distribution center in Phoenix, Arizona. With this new facility, PUMA aims to increase daily order fulfillment from 100,000 to 200,000, enhancing speed, efficiency, and accuracy across the entire retail supply chain. PUMA and Bob Philion, President PUMA North America, celebrated the grand opening alongside Governor Katie Hobbs, AutoStore, Bastian Solutions, City of Glendale, the Arizona Commerce Authority and Greater Phoenix Economic Council.
Document Source: https://www.businesswire.com/news/home/20241120096964/en/AutoStore-and-Bastian-Solutions-Expand-Automated-Fulfillment-With-PUMA (archive.org page / archive.org listing)


AutoStore and Bastian Solutions Expand Automated Fulfillment With PUMA

Document Date: Nov. 20, 2024, 2 p.m. / Source: Business Wire
Activity Class: PartnershipActivity
Partnership: Document Extract: With this new facility, PUMA aims to increase daily order fulfillment from 100,000 to 200,000, enhancing speed, efficiency, and accuracy across the entire retail supply chain. PUMA and Bob Philion, President PUMA North America, celebrated the grand opening alongside Governor Katie Hobbs, AutoStore, Bastian Solutions, City of Glendale, the Arizona Commerce Authority and Greater Phoenix Economic Council. " PUMA's new facility showcases the integral role Arizona plays in our country's growing and thriving economy ," said Governor Katie Hobbs. " We are grateful that PUMA, one of the world's most recognizable brands, has chosen Arizona, furthering our reputation as a premier logistics hub supporting global companies ." AutoStore's cubic storage and retrieval system has been the default automated fulfillment solution integrated with PUMA's warehouse operations since 2015, serving distribution facilities in Indiana and California.
Document Source: https://www.businesswire.com/news/home/20241120096964/en/AutoStore-and-Bastian-Solutions-Expand-Automated-Fulfillment-With-PUMA (archive.org page / archive.org listing)

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