For this year’s Singles’ Day retail extravaganza, Alibaba has set its sights on attracting 500 million customers around the world to shop online on November 11, in a big test of the company’s logistics infrastructure. Photo: Bloomberg

Alibaba invests an additional US$3.3 billion in its logistics arm Cainiao, raising stake to 63 pct

  • Cainiao will use the money raised to invest in technologies and logistics infrastructure services
Topic |   Alibaba

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For this year’s Singles’ Day retail extravaganza, Alibaba has set its sights on attracting 500 million customers around the world to shop online on November 11, in a big test of the company’s logistics infrastructure. Photo: Bloomberg
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Jane Zhang

Jane Zhang

Jane Zhang joined the Post in 2017, working with the video team before moving to reporting. She covers business and political stories in Hong Kong and mainland China. Previously, Jane interned at CNN and Bloomberg Businessweek Chinese.