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
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
