While it is the operator of the country’s largest online marketplaces Taobao and Tmall, Alibaba does not have a big dispatch fleet of its own in China. Photo: Reuters While it is the operator of the country’s largest online marketplaces Taobao and Tmall, Alibaba does not have a big dispatch fleet of its own in China. Photo: Reuters
While it is the operator of the country’s largest online marketplaces Taobao and Tmall, Alibaba does not have a big dispatch fleet of its own in China. Photo: Reuters

Alibaba strengthens logistics network by investing US$966 million in YTO Express, doubling its stake

  • Chinese e-commerce giant Alibaba has increased its stake in YTO Express from 10.5 per cent to 22.5 per cent
  • The latest investment in YTO Express, one of China’s largest logistics service providers, comes amid an e-commerce boom driven by the stay-home economy

Topic |   US-listed Chinese stocks
While it is the operator of the country’s largest online marketplaces Taobao and Tmall, Alibaba does not have a big dispatch fleet of its own in China. Photo: Reuters While it is the operator of the country’s largest online marketplaces Taobao and Tmall, Alibaba does not have a big dispatch fleet of its own in China. Photo: Reuters
While it is the operator of the country’s largest online marketplaces Taobao and Tmall, Alibaba does not have a big dispatch fleet of its own in China. Photo: Reuters
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