BBG: Alibaba’s Cainiao plans to raise at least $1bn in Hong Kong IPO soon
BLOOMBERG reports: Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., is planning to ...
Cainiao Network, Alibaba Group’s logistics arm, today announced a partnership with Singapore-based e-commerce specialist Shopline, to provide end-to-end cross-border logistics services.
Under the partnership, Shopline merchants will be provided with logistical services across 130 countries.
Cainiao’s spokesperson told The Loadstar air freight would mainly be used to deliver parcels from Shopline merchants, with customers in Europe receiving parcels within seven days.
The spokesperson said: “Our smart logistics business model allows us to flexibly meet merchants’ needs, using a range of options, such as chartered ...
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