CNBC: China counters Trump’s accusations of Geneva trade deal violations, says US undermining consensus
CNBC reports: China on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, ...
By Alex Lennane
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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