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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