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Alibaba invests $1.38bn to boost logistics capability

2018-05-31 12:42:00| Daily apparel & textile news and comment - from just-style.com

Chinese online retail giant Alibaba and its logistics arm Cainiao Network Technology are investing US$1.38bn in courier firm ZTO Express in a move that will boost the group's logistics capability in the highly competitive domestic market.

Tags: capability boost logistics alibaba

Category:Consumer Goods and Services

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