Chinese delivery firms working together on new venture
A group of Chinese express delivery companies have teamed up to establish a new venture that will operate a national logistics network, according to local reports.
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Alibaba and Ant Financial announce joint investment in food delivery platform
Alibaba and Ant Financial have agreed to invest 3 billion yuan ($483 million) each in a new venture called Koubei, which is focusing primarily on food and beverage delivery in China.
Read MoreCainiao launches three fresh food distribution centres
Alibaba’s logistics affiliate Cainiao has set up fresh food distribution centres in three major Chinese cities: Beijing, Shanghai and Guangzhou.
Read MoreAlibaba’s Cainiao aiming for next-day delivery service in 50 cities
Alibaba’s logistics affiliate Cainiao is aiming to offer next-day deliveries in 50 cities across China by the end of this year.
Read MoreDHL providing E2E logistics for FC Bayern Munich’s online store in China
FC Bayern Munich is working with Alibaba’s Tmall Global and DHL eCommerce to launch an official FC Bayern Munich online flagship store for consumers in China.
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