Alibaba strengthens logistics network by doubling stake in YTO Express
Alibaba has strengthened its hold on the courier market by investing an extra $966m in ...
YTO Express has picked Jiaxing in eastern China for its aviation and road logistics hub. The express company will open the hub in 2021, reports ATW, and by 2030 will have capacity of 1.1m tons a year, while acting as the base for 50 aircraft. It will also be connected via rail, road and water transport. Jiaxing is a small city near Hangzhou, in the populous east. Rival SF Express is building a hub at the more central Ezhou, near Wuhan.
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