Blog

September 26, 2017

Alibaba pays $807M to take majority ownership in logistics affiliate Cainiao

 Alibaba is getting serious about logistics after it agreed to invest RMB 5.3 billion ($807 million) in order to take majority ownership in subsidiary company Cainiao. Cainiao was created four years ago alongside eight other backers to bring organization in Chinese logistics, particularly around e-commerce deliveries. The company raised its first outside funding in March 2016 —… Read More


Source: New feed

Post Types
About admin

Pekan Designs | Web Design & Development Agency

We are an Ottawa web design agency offering complete web design solutions. Our services include web design, web development & digital marketing in Ottawa, ON.