Alibaba Merging with Zelos for $2 Billion Robovan Venture: WSJ

• Cainiao will contribute its autonomous-driving unit and cash to Zelostech but will not become a controlling shareholder in the combined entity
• Zelostech's Z10 robovan is a fully autonomous electric vehicle capable of transporting approximately 1.5 tonnes of freight
• The merged operation will run both the Zelostech and Cainiao autonomous-driving brands simultaneously as part of their strategic integration

Summary

Key Development: Chinese robovan manufacturer Zelostech announced a strategic merger with Alibaba's logistics arm, Cainiao, creating a venture valued at approximately $2 billion, according to the Wall Street Journal.

Transaction Details: Cainiao will acquire a non-controlling stake in Zelostech through a combination of cash investment and contribution of its autonomous-driving business unit. The deal represents a "deep strategic integration" to build what the companies call a "RoboVan Super Carrier" in the unmanned freight sector.

Company & Product Information: Zelostech specializes in robovans—fully autonomous electric vehicles designed for freight transport. Its Z10 model can carry loads of approximately 1.5 tonnes. Following the merger, both Zelostech and Cainiao brands will operate simultaneously, with Cainiao's autonomous-driving unit being folded into Zelostech.

Market Context: The partnership consolidates Alibaba's e-commerce logistics capabilities with Zelostech's autonomous vehicle technology, positioning the combined entity to compete in China's growing autonomous freight delivery market. This move aligns with broader industry trends toward automation in logistics and last-mile delivery solutions.

Sector Implications: The $2 billion valuation signals significant investor confidence in autonomous delivery technology within China's e-commerce ecosystem. The deal strengthens Alibaba's supply chain infrastructure while providing Zelostech access to capital and Cainiao's operational expertise.

Neither Zelostech nor Alibaba provided additional comments beyond the initial announcement made on January 29, 2026.