Urb-it and Alibaba Group enter new partnership to bolster AliExpress' delivery capability in France.

Paris, 29th June 2021 - Cainiao Network, the logistics arm of the Alibaba Group handling more than 90% of AliExpress's orders has entered into a new partnership with green logistics provider and B Corporation, Urb-it to strengthen its last-mile delivery capability in France. Signing a two-year contract, both parties will collaborate to offer a flexible and ethical delivery solution, whilst improving soft urban mobility in the region.

In June 2020, AliExpress (the global retail online marketplace service part of the Alibaba Group) was included in the Top 15 list of the most used sites and applications in France, with more than 1.5 million daily visitors across the country. That same year the e-commerce giant announced that with the assistance of Cainiao and leading players in French logistics, that it would seek to improve customer satisfaction and reduce its delivery time in France to three days.

Today, Cainiao and AliExpress go one step further and sharpen their sustainability focus by collaborating with Urb-it to offer customers a faster, safer, and greener emission-free delivery service. The latest partnership with the green logistics provider also comes as a welcome boost to France's environmental efforts and its 2030 Agenda plan for Sustainable Development.

"At present, delivery is a major step in the online shopping process. Our collaboration with Urb-it is part of a global effort to offer faster and better delivery to our French customers. Through this partnership we are also strengthening our investment in the preservation of the environment, with the desire to minimize our impact on the congestion of our cities." said Pierre Lestienne, Senior Logistics Advisor of Cainiao / Alibaba Group

Martin Lehec, Urb-it Country Manager France commented, "I am proud that Cainiao has chosen us as a preferred partner for their last mile in France. We look forward to growing together over the years, while offering fast, qualitative, and emission-free deliveries in one of their biggest markets in Europe.

For more information, please contact
Kevin Kviblad, CEO
E-post: [email protected]
Phone: +46 76 310 28 39

About Urb-it AB (publ):
Urb-it is a Swedish logistics company and Certified B Corporation™. Powered by a robust technical platform, and its community of Couriers, Urb-it offers a customer-centric end-to-end fulfilment service for e-commerce, retail, and the on-demand market. The company today operates in the UK and France and works with leading European brands.

The company's mission is to transform logistics with a human service that fights for the health of our cities. Delivering the last-mile exclusively on foot, bike or with cargo-bikes, Urb-it aims to reduce air pollution, noise pollution and congestion in Urban areas, while providing a delivery service that exceeds customer expectations. Our Couriers are carefully recruited and trained by Urb-it to provide excellent service. The solution is available to merchants via direct API-integration as well as through a range of leading transport management systems. Services include delivering the same-day, next-day, nominated day and returns, and can be fulfilled both from the merchant's online store and physical store network. www.urb-it.com

The Company's Certified Adviser is Mangold Fondkommission AB who are reachable on +468- 503 015 50 or [email protected]

This information is such information that Urb-it AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted, via the above-mentioned contact person, for publication on (23rd June 2021).

About AliExpress:
Founded in 2010, AliExpress is now one of the most visited e-commerce sites in the world. With nearly 9 million cumulative buyers in France and the opening of its offline store in the heart of Paris, Cheer Zhang, director of consumer services and international markets at AliExpress have confided, "France has become a leading market for AliExpress." https://www.aliexpress.com/

About Cainiao Smart Logistics Network

Founded in 2013, Cainiao Smart Logistics Network ("Cainiao") is a technology company and the logistics affiliate of Alibaba Group. It adopts a collaborative approach to logistics with an innovative and open data platform that improves efficiency and customer experience for all players along the supply chain. It carries forward Alibaba's mission of making it easy to do business anywhere by aiming to deliver anywhere in China within 24 hours, and across the globe within 72 hours. https://global.cainiao.com/


NOTICE OF EXTRAORDINARY GENERAL MEETING OF URB-IT AB (PUBL)

Urb-it AB (publ), reg. no. 556959-9755, (the "Company") holds an extraordinary general meeting on Friday 10 December 2021.


KALLELSE TILL EXTRA BOLAGSSTÄMMA I URB-IT AB (PUBL)

Urb-it AB (publ), org. nr 556959-9755, ("Bolaget") håller extra bolagsstämma fredagen den 10 december 2021.


Urb-it carries out a directed share issue to Ingka Investments of SEK 95 million

The board of directors of Urb-it AB ("Urb-it" or the "Company") has resolved on a directed issue to Ingka Investments, the investment arm of Ingka Group, the main IKEA retailer ("Ingka Investments") of 21,590,909 shares, subject to approval from an extraordinary general meeting (the "Share Issue"). The subscription price in the Share Issue amounts to SEK 4.40 per share. The Company raises SEK 95 million before transaction related costs through the Share Issue. The board of directors has also decided to postpone the announcement of the interim report for the third quarter to 29 November 2021 as part of the completion of the Share Issue.


Urb-it genomför riktad nyemission till Ingka Investments om 95 miljoner kronor

Styrelsen i Urb-it AB ("Urb-it" eller "Bolaget") har beslutat om en riktad nyemission till Ingka Investments, investeringsbolaget inom Ingka Group, den största IKEA-detaljisten, ("Ingka Investments") av 21 590 909 aktier under förutsättning av godkännande av extra bolagsstämma ("Nyemissionen"). Teckningskursen i Nyemissionen uppgår till 4,40 kronor per aktie. Genom Nyemissionen tillförs Bolaget 95 miljoner kronor före transaktionsrelaterade kostnader. Styrelsen har även beslutat att senarelägga offentliggörandet av den tredje kvartalsrapporten 2021 till den 29 november 2021 som ett led i genomförandet av Nyemissionen.



Urb-it carries out a directed share issue of approximately SEK 80 million

The board of directors of Urb-it AB ("Urb-it or the "Company") has, pursuant to the authorisation granted by the annual general meeting held on 16 April 2021, resolved on a directed issue of 18,650,000 shares at a price of SEK 4.30 per share (the "Share Issue"). The Company raises approximately SEK 80 million before transaction related costs through the Share Issue.


Urb-it genomför riktad nyemission om cirka 80 miljoner kronor

Styrelsen i Urb-it AB ("Urb-it" eller "Bolaget") har, med stöd av bemyndigande lämnat av årsstämman den 16 april 2021, beslutat om en riktad nyemission av 18 650 000 aktier till en emissionskurs om 4,30 kronor per aktie ("Nyemissionen"). Genom Nyemissionen tillförs Bolaget cirka 80 miljoner kronor före transaktionsrelaterade kostnader.


Urb-it launches its sustainable delivery services in Scotland

Expanding into Glasgow, Scotland's largest city


Urb-it strengthens its leadership team

Appointment of Chief Financial Officer & Chief Marketing Officer


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