Alibaba invests $3.3B to up majority stake in Cainiao
This move supports Alibaba’s new retail strategy to provide a seamless blend of online and offline shopping for consumers.
Alibaba Group, China, invested an additional $3.3 billion in Cainiao Smart Logistics Network, growing its majority stake in the China-based shipping affiliate.
This move supports Alibaba’s new retail strategy to provide a seamless blend of online and offline shopping for consumers.