An employee sorts packages at a Cainiao logistics service station in Fuyang, Anhui province, in June. WANG BIAO/FOR CHINA DAILY Cainiao Group, the logistics arm of Chinese technology heavyweight Alibaba Group Holding Ltd, is boosting its overseas logistics network and accelerating expansion abroad to meet the growing demand for faster and more reliable delivery services globally. … Continue reading Cainiao expanding logistics network overseas
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Upside seen to Alibaba’s scrapped Cainiao IPO
An employee arranges packages at a Cainiao storage facility in Yiwu, Zhejiang province, in July. [Photo/Xinhua] Alibaba Group Holding Ltd’s latest move to scrap a planned initial public offering for its unit Cainiao Smart Logistics Network will help strengthen synergy between its logistics services and e-commerce businesses and expand its presence in overseas markets by … Continue reading Upside seen to Alibaba’s scrapped Cainiao IPO