Alibaba’s Cainiao in­vests 1b yuan in de­liv­ery

China Daily (Canada) - - NEWS CAPSULE -

Cainiao, Alibaba Group Hold­ing Ltd’s lo­gis­tics off­shoot, is in­vest­ing 1 bil­lion yuan ($153.6 mil­lion) in an up­graded de­liv­ery ser­vice, which it claims will of­fer China’s grow­ing army of on­line shop­pers bet­ter, faster de­liv­er­ies.

The Cainiao Al­liance will be ded­i­cated to of­fer­ing higher-qual­ity de­liv­ery ser­vices. It is ex­pected to im­me­di­ately roll out the up­graded pack­age of ser­vices, in­clud­ing same- day and next­day de­liv­er­ies, on Alibaba’s busi­ness- to- cus­tomer site Tmall. Cainiao said the goal is for the al­liance to serve 10 mil­lion en­ter­prises and have the an­nual ca­pac­ity to de­liver 100 bil­lion parcels in the next five to eight years.

Founded by Alibaba and a con­sor­tium of lo­gis­tics com­pa­nies, rather than ex­pand­ing its own net­work, Cainiao op­er­ates a pro­pri­etary lo­gis­tics in­for­ma­tion plat­form that links a net­work of providers, ware­houses and distri­bu­tion cen­ters that of­fers bet­ter ef­fi­ciency and cost sav­ings.

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