By South China Morning Post | Created at 2025-02-02 04:41:33 | Updated at 2025-02-02 07:54:47
3 hours ago
A former JPMorgan banker has joined forces with two Hong Kong entrepreneurs to launch NEXX Global, a smart logistics technology platform that uses generative artificial intelligence (GenAI) and large language models (LLMs) to help warehouses reduce costs and improve efficiency.
Founded in March 2024, the company is seeking to solve some common problems in the industry, including insufficient land, labour shortages and inefficient management using its intelligent technology. Its goal is to provide flexible, cost-effective and scalable inventory storage solutions.
The company has successfully secured CK Asset Holdings, a prominent property and infrastructure firm owned by Hong Kong tycoon Li Ka-shing, as a shareholder. Additionally, it has brought on clients such as Hong Kong-based Kerry Logistics and the Chinese home appliance manufacturer Gree Electric.
The start-up’s vision of using GenAI and LLMs to transform the logistics sector has been embraced by the market, according to co-founder Houston Huang, the former CEO of JPMorgan’s securities business in China.
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‘Flying Wolf’, China’s first AI-powered 3D automatic sorting system
‘Flying Wolf’, China’s first AI-powered 3D automatic sorting system
“The logistics market’s scale and fragmentation present limitless opportunities,” Huang said. “Our ambitions extend beyond the domestic market, we are also looking internationally.”
“I firmly believe that NEXX will revolutionise the industry, just like electric vehicle maker Tesla revolutionised the auto industry.”
