Alibaba Tries Team Approach in Bid to Build Logistics Network
(Beijing) – After years of trying to address its logistics problems, Alibaba Group has changed its game plan. In late May, the e-commerce giant and a group of partners announced they were establishing a company to build their own logistics network to cover the entire country.
With registered capital of 5 billion yuan, the Cainiao, or Rookie, Network was set up in Shenzhen by Alibaba, Yintai Holdings, Fosun Group, Forchn Holdings and five major delivery companies.
- More than 21,000 Couples in Capital Apply to Have Second Baby
- Central Gov't Said to Plan Pilot Reform of Rural Asset Ownership
- Big Umbrella
- Abe Protest
- Lost in Translation
- Graphics: Fully Loaded
- Can Doctors Cut the Public Hospital Cord?
- Local Gov't Criticized for Linking Blood Donations to Middle School Test
- The Week in Photos: September 20 – 26
- Goodbye Lenin
- Sign up to receive our free daily newsletter
- Alibaba's IPO Was Huge, but Analysts Say Investors Have Reasons to Worry
- After Overseas Rush, Chinese Firms' Iron Ore Projects Run into Trouble
- A Chinese Dream in America
- Adobe to Shutter China Operations in October, Employees Say
- HK Tycoons Defend Giant Gift to Harvard's Medical School
- Gov't Again Tries Trimming the Fat by Slashing Pay of SOE Executives
- CCTV Airs Program on Conditions for Fallen Officials in Guangdong Prison
- How Chinese Universities Can Learn the Largesse Game
- Aviation Giant 'Plans Firm to Focus on Engine Design, Production'
- Fresh off Monster IPO, Alibaba Sues Blogger over Critical Posts