$1.5bn boost for Cainiao as it eyes cross-border e-commerce

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An interesting article on Cainiao, Alibaba’s logistics platform, which has raised $1.54bn from six groups if investors in its first round of external funding since its 2013 launch. Its plan is to use the cross-border capital for logistics solutions for cross-border e-commerce, a fast-growing sector. According to Cainiao president Judy Tong, “the ultimate goal of Cainiao is to make it easy to deliver goods to anywhere, so that parcels delivered in China can arrive in 24 hours, and parcels delivered cross-border can arrive in 72 hours – instead of several days currently for China shipments, and days or weeks for international orders.” One to watch.