Deliveries giant Cainiao and China Life have created a $1.24 billion fund to invest in “smart” logistics and parcel handling facilities across China. Photo: Reuters

Alibaba’s Cainiao creates US$1.24b fund with China Life to finance expansion in ‘smart’ logistics and storage facilities

Logistics offshoot of e-commerce giant teams up with China’s largest insurer to expand and improve parcel delivery across the country

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Deliveries giant Cainiao and China Life have created a $1.24 billion fund to invest in “smart” logistics and parcel handling facilities across China. Photo: Reuters
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