In a bid to expand their global power towards the Middle East, Cainiao Smart Logistics Network Ltd. (“Cainiao”), the logistics arm of the Alibaba Group has partnered up with the largest international cargo airline, and freight division of Emirates. The MoU was signed by Nabil Sultan, Emirates Divisional Senior Vice President, Cargo and Xiaodong Guan, General Manager of Cainiao Global Business at Cainiao’s global headquarters in Hangzhou. It is a landmark agreement for both Emirates … [Read more...] about Alibaba Group join forces with Emirates SkyCargo
Alibaba Group Holding
Alibaba Group increase stake in Lazada
Alibaba Group Holding Limited announced that it will invest approximately USD1 billion to increase its stake in Lazada Group, from 51% to approximately 83%. This transaction demonstrates the continued success of Lazada’s business, Alibaba’s confidence in the growth potential of the Southeast Asian markets and its commitment to the region as part of its global strategy. Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of USD3.15 billion for the … [Read more...] about Alibaba Group increase stake in Lazada
SingPost, Alibaba expand e-commerce logistics coop
Singapore Post and Alibaba Group Holding have announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading e-commerce logistics platform to service the rapidly growing e-commerce businesses across Asia Pacific and beyond. Lim Ho … [Read more...] about SingPost, Alibaba expand e-commerce logistics coop
