Alibaba, Haier form lo­gis­tics joint ven­ture

China Daily (Canada) - - NEWSCAPSULE -

Alibaba Group Hold­ing Ltd and home ap­pli­ance maker Haier Group will form a joint ven­ture to build a lo­gis­tics and ser­vice net­work to de­liver house­hold ap­pli­ances and other large items across China.

The move is Alibaba’s lat­est push to boost its lo­gis­tics and dis­tri­bu­tion ser­vices. In May it an­nounced a plan to in­vest up to $16.3 bil­lion over five to eight years in a con­sor­tium formed by re­tail­ers and courier com­pa­nies to cre­ate a na­tion­wide lo­gis­tics plat­form.

“Alibaba des­per­ately needed to team up with some­one spe­cial­ized in large-item de­liv­ery to se­cure its po­si­tion in the online home ap­pli­ance shop­ping mar­ket,” said Mao Ajing, an e-com­merce an­a­lyst with the Bei­jing-based re­search firm Analysys In­ter­na­tional.

MATT DUNHAM / AS­SO­CI­ATED PRESS

Chi­nese Vice-Pres­i­dent Li Yuan­chao speaks at the me­mo­rial for ser­vice for for­mer South African pres­i­dent Nel­son Man­dela at the FNB Sta­dium in Soweto, near Jo­han­nes­burg. Li con­cluded his speech by say­ing: “Al­though the great man has left, Man­dela’s thought and his spirit will live for­ever.”

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