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 […]

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 […]

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 […]