Tencent-backed G7 Connect completed the merger with Alibaba-backed E6 Technology.

Tencent-backed G7 Connect, a fleet management company, completed the merger with Alibaba-backed E6 Technology. Financial terms were not disclosed. "Freight managers in China have strong demand for digitising their business through the adoption of enterprise software services and the combination will allow the two companies to invest more in technology and create higher value for customers," Zhai Xuehun, G7 Connect Co-Founder and CEO.