Thursday, June 20, 2024

Alibaba ups stake in Cainiao Smart Logistics

Alibaba Group will invest $3.3 billion to increase its equity stake in Cainiao Smart Logistics Network from 51% to 63%. The increased equity stake will come from newly issued ordinary shares in its latest financing round and purchasing certain equity interest from an existing Cainiao shareholder. With more financial resources, Cainiao will continue to invest […]

Atran Airlines links Hangzhou with Riga for Cainiao

Atran Airlines has added a new route to its network between Hangzhou, China and Riga, Latvia for Cainiao Network e-commerce shipments. The flights from Hangzhou, the emerging technology hub and home of China’s e-commerce will operate on Thursdays using a Boeing 737-800BCF, providing up to 23 tonnes of cargo capacity for Alibaba Group’s logistics arms. […]

Volga-Dnepr signs MoU with Cainiao Network

Volga-Dnepr Group has signed a memorandum of understanding with Alibaba Group’s logistics arm, Cainiao Smart Logistics Network to strengthen cross-border shipments. With the boom in e-commerce worldwide, the two companies will form a partnership for different joint projects in cross-border trade. The airline guarantees access to its network and fleet of 41 aircraft, while Cainiao […]

Alibaba commits to Hong Kong smart logistics network

Senior executives from Alibaba Group and Airport Authority Hong Kong have expressed their commitment to jointly build a global smart logistics network to foster more inclusive trade. A smart logistics hub will be built in Kwo Lo Wan at Hong Kong International Airport. In June this year, Alibaba Group’s logistics arm Cainiao Network was awarded […]

Alibaba and Belgian government promote trade under eWTP

The government of Belgium has signed an agreement with Alibaba Group to promote trade under the Electronic World Trade Platform (eWTP) initiative. Both parties will work closely to build a more inclusive and innovative trade platform to facilitate greater and more equitable access to cross-border trade opportunities, particularly for small and medium-sized enterprises. The memorandum […]

Emirates SkyCargo signs MoU with Cainiao Network

Emirates SkyCargo has signed a memorandum of understanding (MoU) with Cainiao Smart Logistics Network to let the logistics arm of Alibaba Group use Dubai as a hub. The two companies will work closely to manage e-commerce shipments in the Middle East and other neighbouring regions, with further details of the tie-up to be announced as […]

Turkish Cargo signs e-commerce joint venture with ZTO and PAL Air

Turkish Cargo has signed a joint venture with ZTO Express and PAL Air to create a global express company focusing on the global e-commerce market. The partnership promises not only to be a huge strategic step for Turkey prior to the opening of Istanbul New Airport but a game changer for global express business, was […]

Cainiao Network to develop premium logistics centre in Hong Kong

HKIA releases January cargo figures

A joint venture led by Alibaba Group’s logistics arm, Cainiao Network has been awarded the tender to develop and manage a premium logistics centre at Hong Kong International Airport. The centre at Kwo Lo Wan in the South Cargo Precinct of the airport will be the third largest warehouse in Hong Kong, occupying a site […]

Alibaba’s ‘Open Sesame’ to Thai investments

In another sign of Alibaba’s increasing footprint in South East Asia, its executive chairman and founder, Jack Ma, has signed four Memorandums of Understanding (MOU) with Thailand’s government in April. The four MOUs will see Alibaba Group build a smart digital trading hub in Thailand Eastern Economic Corridor (EEC) and help develop Thailand’s e-commerce, digital […]

Alibaba and Canadian government sign agreement aimed at growing trade

Alibaba Group executive chairman Jack Ma and Canadian Prime Minister Justin Trudeau signed a declaration of cooperation on 3 September strengthening efforts to promote trade between Canadian small and medium sized businesses and Chinese consumers. Both Ma and Trudeau say the agreement empowers the Canadian Trade Commissioner Service and Alibaba to work together to expand […]