Alibaba about to build massive logistics network

alibaba

By Alex Lennane

26/09/2017

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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Topics

Alibaba China The e-commerce equation Financial Times USA

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