Workers sort packages after the "Singles Day" shopping festival at a delivery company in Hengyang in China's central Hunan province. Photo: Agence France-Presse

Alibaba extends New Retail push with US$693 million investment in STO Express

  • Many of China’s courier firms have risen together with the rapid growth of e-commerce in the country
  • Alibaba wants a strong logistics network so that it can deliver goods as fast as possible
Topic |   Ecommerce

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Workers sort packages after the "Singles Day" shopping festival at a delivery company in Hengyang in China's central Hunan province. Photo: Agence France-Presse
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