Alibaba expands in Russia

ALIBABA’S logistics arm, Cainiao Network, said it has signed a letter of intent to strengthen collaboration with Russian Post to boost cross-border trade in a bid to bolster Chinese exports.

The two parties will build and upgrade the infrastructure of full-service centers in Russia, providing services for warehousing, orders, parcelhandling, sorting and courier delivery, and also increasing capacity during peak times.

“Combining our two parties’ experience will improve the quality, cost-efficiency and speed of delivery of goods from China to Russia immensely,” said Nikolai Podguzov, general director of Russian Post.

“We intend to become a key logistics partner with Cainiao in Russia.”

Lin Wan, president of Cainiao Network, said: “Cainiao is committed to developing a global smart logistics network with a partnership approach, and we are delighted to join hands with Russian Post to help our merchants better serve Russian and global consumers.”

The tie-up would boost cross-border logistics and also provide vendors on Alibaba’s overseas-buyer targeted site AliExpress with its warehouse and delivery services.