Live Breaking News & Updates on Are High Speed Delivery Drones|Page 1

20 April 2021, 05:04 am
Drone delivery is pushing towards massive use after Meituan-Dianping, China s third-largest e-commerce firm raises $10 billion from investors in a bid to gain an edge on its e-commerce rivals.
The Hong Kong-listed tech company has sold 187 million shares at HK$273.8 ($35) each and offered up to $3 billion worth of two tranches convertible bonds and an extra $400 million from Tencent Holdings.
The funds will be used to advance research on developing autonomous delivery vehicles such as drone and self-driving car deliveries, as well as for other innovations and corporate purposes.
Meituan-Dianping on Driverless Delivery
Meituan, the Tencent-backed food delivery giant, predicted that driverless delivery would be prevalent in China in three to five years time. ....

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