Jack Ma

China’s lastest cargo carrier gets green light

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Guangzhou-based China Air Cargo has provisionally secured its Air Operator's Certificate (AOC) from the Civil Aviation Administration of China (CAAC). The CAAC announced its decision on 7 November saying that once all formalities are completed, the cargo carrier will be able to operate domestic Chinese (including Hong Kong, Macau and Taiwan) as well as international cargo flights. The carrier has been given the green light to induct two B757-200Fs which it converted earlier this year, as … [Read more...] about China’s lastest cargo carrier gets green light

U-Freight welcomes Alibaba call for global e-trading platform

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Hong Kong-headquartered international freight service and logistics group, the U-Freight Group (UFL), has welcomed the call for the establishment of an electronic world trade platform (eWTP) whose objective would be to reduce barriers to make it easier for small and medium-sized enterprises to expand their trading capabilities worldwide. The call was made recently by Jack Ma, executive chairman of e-commerce giant Alibaba Group, who believes that such a platform is going to be very … [Read more...] about U-Freight welcomes Alibaba call for global e-trading platform

Alibaba to begin S.Korean logistics service

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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

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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