Air cargo round-up: Cainiao into Liege; Lufthansa upgrades
Alibaba’s Cainiao arm has charted a Georgian Airlines 767-300F for twice-weekly flights between Xi’an in ...
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By Alex Lennane
An interesting article from Bloomberg on Alibaba’s logistics arm, Cainiao Smart Logistics Network. An unprofitable business, 47% owned by Alibaba, Cainiao expects to remain unprofitable for some time as it builds a massive delivery network. Cainiao’s CEO recently noted that the company needed investors who were not expecting short- or even medium-term payback. And Alibaba does not want the cost dragging down its margins. But, as this article points out, the SEC is not quite so understanding.
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