Chinese autonomous delivery vehicle company Zelos Technology, which provides self-driving technology for last-mile logistics, has raised over $3 billion in its latest funding round, according to reports. An informed source indicated that the new financing was completed just weeks after the company merged with the autonomous driving unit of Cainiao, a subsidiary of Alibaba, valuing the firm at $20 billion. At the end of January this year, Alibaba invested in Zelos Technology while integrating Cainiao's autonomous driving division with the unmanned delivery vehicle company. Currently, Zelos Technology operates under two brands. Headquartered in Singapore, the company is also backed by investors including Ant Group, Blue Lake Capital, and CDH Investments. In October of last year, Zelos Technology announced the completion of a $1 billion Series B4 funding round led by Ant Group. At that time, the company stated in its announcement that the total amount raised in its Series B rounds had reached $4 billion.