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.
- Media Watch: Former Star Reporter Causes Stir with Smog Documentary
- Ant Financial Subsidiary Starts Offering Individual Credit Scores
- Attempt to Gain New Investor Failed, New China Life Insurance Says
- Graphics: Coming and Going
- The Week in Photos: February 21-27
- Oil Giants Dispute Reports that Gov't Is Considering Mergers
- Going Out
- The Soft Edge of Cut Paper
- The Sino-Russian Challenge to the World Order
- Kalidasa for the 21st Century Reader: Selected Poetry and Drama
- Sign up to receive our free daily newsletter
- Minsheng Tries Weathering a Maelstrom
- Three Private Shipping Companies Run into Financial Troubles
- Can Market Mechanisms Clear China's Bad Air?
- Closer Look: Local Officials Have Little Love for National Hukou Reform
- State Patronage Divides Confucian Intellectuals
- Tourism Tensions Have HK Mulling Limits on Visitor Numbers
- Experts Split on Whether Merger of Taxi App Firms Breaks Law
- Is It Time to Include the Yuan in IMF Basket?
- Gov't Orders Documentary about Gays, Lesbians Removed from Net
- Gov't Moves on GM Crops Spur Industry's Cautious Optimism