Cainiao Network Technology, logistics subsidiary of Alibaba Group, announced that the company will establish the Cainiao Alliance by cooperating with logistics partners to improve e-commerce logistics in China.
South American e-commerce buyers seeking faster shipping and more options from Chinese sellers may be smiling after a new deal was announced last week.
China's Alibaba Group Holding Limited will invest approximately CNY28.3 billion for a 19.99% stake in Suning Commerce Group Limited.
Alibaba Group Holding Limited is focusing on expanding its supply chain management capabilities with a strategic investment in a Chinese logistics firm.