New air cargo capacity and logistics property investment as Vietnam recovers
Vietnam is set for a fresh injection of air cargo capacity and logistics property investments, ...
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By Alex Lennane
Alibaba is boosting its food sales business with new refrigerated distribution centres. The e-tailer’s logistics arms has opened centres in Beijing, Shanghai and Guangzhou to help it meet growing demand for online food sales. Operated by Cainiao, in which Alibaba has a 48% stake, the DCs will help expand Alibaba’s 24-hour delivery services to 50 new cities by the end of this year.
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