Alibaba delivery unit to set up network of hubs across China

Shanghai

ALIBABA Group Holding Ltd's delivery arm is establishing a Chinese network of unprecedented scale, even as it expands warehousing in the US and elsewhere to propel the e-commerce operator's global ambitions.

Zhejiang Cainiao Supply Chain Management Co, of which Alibaba owns 48 per cent, is angling towards a future initial public offering (IPO) to help bankroll that expansion, president Judy Tong said last Friday in Hangzhou.