Cainiao Smart Logistics Network, the logistics arm of Alibaba Group Holding Limited, has announced a series of initiatives to ramp up its global logistics infrastructure, in anticipation of explosive growth in e-commerce parcel volume during the upcoming 11.11 shopping festival.
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Cainiao Smart Logistics Network has pledged to speed up the digitisation of China’s shipping industry and work with industry partners to create RMB 50 billion ($7.25 billion) in value for the industry over the next three years, the Alibaba Group affiliate said on Tuesday.
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Volga-Dnepr Group, one of the leading group of air freight carriers, has signed a memorandum of understanding with Cainiao Smart Logistics Network Ltd, the logistics arm of Alibaba Group, with the aim to strengthen its positions in the area of cross-border shipments in the market and jointly build a global smart logistics network to meet upgrading demands.
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