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Asean logistics sector could get tech boost as Alibaba unit looks to region for growth
Fast-growing South-east Asia is natural port of call for Cainiao, as growth slows amid gradual e-commerce saturation in its home market of China, say observers
Published Mon, Apr 18, 2022 · 05:50 AM
Singapore
CHINESE tech giant Alibaba is eyeing growth in South-east Asia's third-party logistics market, with its Cainiao Network arm recently unveiling a spate of plans for regional smart warehouse projects.
Citing both Asean's strategic location and an e-commerce boom in countries such as Vietnam, Singapore, Malaysia, and Indonesia, Ding Hongwei, general manager of Cainiao Technology, called South-east Asia a key region and one of "our focus markets" outside China.
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