Thursday, June 7, 2018

Cainiao led JV to build logistics hub at Hong Kong Airport

Cainiao Network is business of Alibaba Group Supply Chain

June 06, 2018: Cainiao Network, the logistics arm of Alibaba Group, has announced its intent to invest $1.5 billion to build a logistics centre at Hong Kong International Airport.Cainiao Network will lead the project via its joint venture with China National Aviation Corp and YTO Express. The companies hold 51 percent, 35 percent and 14 percent stakes re

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