Cosco to play a major role in China's container hub ambitions for Yangpu Port
China’s Yangpu Port, on Hainan Island, is set to become another container shipping hub for ...
XOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINAMAERSK: THE DAY AFTER
XOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINAMAERSK: THE DAY AFTER
Alibaba has decided to invest more in its logistics and warehousing operation, extending its stake in the Cainiao Smart Logistics Network from 48% to 51%, at a cost of Rmb5.3bn ($800m). But it also announced investment of Rmb100bn ($15.12bn) over five years in global logistics, and is expanding throughout South-east Asia following a $2bn investment in Lazada Group.
Meanwhile, Alibaba-backed Best Inc, which just raised $450m in an IPO, is developing its last-mile logistics in China.
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