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
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

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

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
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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