SUBSCRIBERS
Alibaba delivery unit to set up network of hubs across China
Published Sun, Jun 28, 2015 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada