Trading tensions with the US may push Brazil closer to China
Brazil is likely to seek new trading opportunities outside the US, after the US Trade ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
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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