Cainiao, the logistics affiliate of Alibaba Group Holding Limited, has announced the establishment of three fresh food distribution centres in three major Chinese cities: Beijing, Shanghai and Guangzhou. The three centres are expected to support cold chain delivery of fresh food purchased on Taobao Marketplace and Tmall.com to the doorsteps of Chinese consumers within 24 hours. Cainiao, a consortium of logistics companies operating a network of warehouses and delivery services, is … [Read more...] about Alibaba’s Cainiao launches food distribution centres
Alibaba
Alibaba to begin S.Korean logistics service
Chinese e-commerce giant Alibaba Group has announced that it will branch out its logistics services to South Korea this year through its subsidiary Cainiao Network, reports tech news portal Sina. According to South Korean newspaper JoongAng Ilbo, Alipay, the third-party online payment service under Alibaba, had held a promotional event on 11 March in Seoul, introducing its service with Cainiao Network. After the Cainiao platform goes live, Chinese consumers will be able to buy goods … [Read more...] about Alibaba to begin S.Korean logistics service
Alibaba reveals sales figures in latest IPO filing
Venture Beat reported that Alibaba revealed sales figures for its two main shopping sites, Taobao and Tmall, as well as a list of the 27 people who control more than half of the company’s board nominations. This is the first time the Hangzhou, China-based company has released sales figures for Taobao and Tmall. Taobao, a marketplace selling everything from children’s clothing to a trip to space, managed $177 billion in … [Read more...] about Alibaba reveals sales figures in latest IPO filing