China Daily Global Edition (USA)

G7 to bolster logistics firms with open smart ecosystem

- By OUYANG SHIJIA ouyangshij­ia@ chinadaily.com.cn

G7, a Chinese internet of things, or IoT, and big data company specializi­ng in fleet management, plans to increase its offerings.

Julian Ma, president of G7, said the company aims to establish an open ecosystem that connects vehicles, logistics infrastruc­ture and financial institutio­ns.

Zhai Xuehun, G7’s founder and CEO, said the company is at the forefront of tackling the latest challenges in fleet safety, energy efficiency and operations management.

Ma, a former vice-president at Chinese internet giant Tencent Holding Ltd, said: “This year, we will further apply AI and big data technologi­es to help our clients cut costs and improve management efficiency. We’ll also explore innovative models of vehicleas-a-service, marking our first steps toward research and developmen­t of autonomous driving and new energy technologi­es.”

G7 will continue to provide IoT and artificial intelligen­cepowered fleet management and value-added services to logistics companies.

This month, G7 announced a joint venture with logistics firm GLP and Nio Capital to develop smart trucks. Nio Capital is backed by Chinese electric car maker Nio.

Controlled by G7, the joint venture will focus on developing the next generation of smart heavy-duty trucks powered by autonomous driving, new energy technologi­es and logistics big data.

Zhai said: “Emerging technologi­es and logistics big data are creating revolution­ary opportunit­ies to solve these long-term challenges. We need to work closely with the automotive industry to achieve seamless integratio­n of AI, trucks and logistics scenarios with a goal to develop a dream truck for logistics companies.”

Ma said China’s demographi­c dividend is disappeari­ng, so domestic transporta­tion will confront new challenges such as a lack of drivers.

“Driverless trucks will help lift the pressure off drivers as well as boost intensive developmen­t of the logistics industry. Similar to the sharing economy model of leading ride-hailing companies like Uber and Didi Chuxing, shared self-driving trucks will be the future of logistics business.”

Ma said G7 aims to roll out autonomous cars, as only a higher level of self-driving technologi­es will help reduce drivers’ burden and advance safety.

According to a 2016 report by G7 and global consulting firm Bain & Company, China’s road freight has reached 6.1 trillion ton-kilometers, with more than 5 million heavy trucks and over 14 million light and medium-sized trucks. The market size exceeded 5 trillion yuan, making it the world’s biggest road transporta­tion market.

Over the past few years, the company has invested in IoT, big data, AI and smart equipment to make logistics assets such as trucks and trailers intelligen­t.

The company serves more than 50,000 customers and connects more than 600,000 vehiclesin­realtime,claimingit is the largest open IoT platform in China’s logistics industry.

Clients include e-commerce giant JD and courier firms SF Express, ZTO Express, STO Express, EMS and DHL.

The Beijing-headquarte­red G7 has announced receipt of strategic funding of $70 million from Singapore’s Global Logistics Properties and Bank of China Group Investment Ltd, a wholly owned investment subsidiary of Bank of China. The company’s previous investors include Tencent, Temasek Holdings, GLP and China Developmen­t Bank Capital Corporatio­n Ltd.

 ?? PROVIDED TO CHINA DAILY ?? Visitors inspect different types of clean-energy trucks on display at the Shenzhen Logistics Expo in October.
PROVIDED TO CHINA DAILY Visitors inspect different types of clean-energy trucks on display at the Shenzhen Logistics Expo in October.

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