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Alibaba: Preparing For The Logistics Arms Race
2016-03-15 19:56:46| Air Courier - Topix.net
Caixin reported that Alibaba's Cainiao logistics arm recently raised Rmb10b from the GIC, Temasek, Khazanah Nasional Bhd and Primavera Capital that values the company at Rmb50b, or $7.7b USD. Recall that Cainiao is BABA's logistics joint venture that was created three years ago with the goal of supporting BABA's logistics network across China and driving cross-border e-commerce while leveraging big data to enhance efficiency.
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Category:Transportation and Logistics
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