Alibaba's logistics arm launches 500m yuan global tender
Cainiao tender will cover all key markets, including North Asia, South-east Asia, Australia and New Zealand, and US
Singapore
THE logistics arm of Alibaba Group Holdings, Cainiao Smart Logistics Network, has launched its 2021 open tender for logistics services to strengthen its global logistics network.
In a press statement on Thursday, Cainiao said the global tender is valued at 500 million yuan (S$102.2 million), and encompasses all key markets, including North Asia, South-east Asia, Australia and New Zealand, and the US.
KEYWORDS IN THIS ARTICLE
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 and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’