Alibaba to merge with China's Zelos on $2 billion robovan business, WSJ reports
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Jan 29 (Reuters) - Alibaba's ( BABA ) logistics arm plans to merge its autonomous-driving unit Cainiao with China's Zelos Technology, forming a new entity valued at approximately $2 billion, the Wall Street Journal reported on Thursday, citing sources familiar with the matter. Reuters could not immediately verify the report. (Reporting by Ananya Palyekar in Bengaluru)
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