Alibaba to invest CNY100 billion to set up smart logistics network

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Alibaba to invest CNY100 billion to set up smart logistics network

Deng Shuang, Taipei; Adam Hwang, DIGITIMES

Tuesday 12 June 2018

Alibaba Group Holding will invest CNY100 billion (US$15.6 billion) for its logistics arm Cainiao Network Technology to establish a smart logistics backbone network, group chairman Jack Ma has disclosed.

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