The Globe and Mail reports in its Friday edition that e-commerce delivery operator Uni Express Inc. has completed its third financing of the past year, raising $70-million (U.S.) led by American venture capital giant Bessemer Venture Partners and China's Sinovation Ventures. The Globe's Sean Silcoff writes that the Richmond, B.C., company operates a low-cost, last-mile delivery service across North America called UniUni whose customers include on-line retail giants Shein, Temu and AliExpress. UniUni, which operates more than 110 warehouses across North America, was founded by chief executive officer Peter Lu and chief operating officer Kevin Wang six years ago, originally as a meal-delivery service. It shifted into e-commerce fulfilment during the COVID-19 pandemic. Uni has 825 employees and has come under fire over some labour-practice allegations. In addition, the e-commerce space has been hit after the U.S. in May cut off a trade exemption that allowed packages from China with goods valued at less than $800 (U.S.) to enter the country tax-free. That previous exemption, known as de minimis, had been crucial to businesses whose supply chains rely heavily on Chinese imports to the U.S., including Shein, Temu and Amazon.
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