·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > Economy & Business > Finace News
 
Alibaba's delivery arm to build logistics hub in Hong Kong
 
Date:2018-06-06  Source:Xinhua
 Alibaba's delivery arm, Cainiao Network, announced Wednesday that it will lead a joint venture to build a new logistics center at Hong Kong International Airport to enhance its global logistics capabilities.

Cainiao Network, China National Aviation Corp, and courier YTO Express will invest 1.53 billion U.S. dollars in the logistics center.

The three companies will take a 51 percent, 35 percent, and 14 percent stake, respectively, in the joint venture, YTO Express said in a statement.

The center, which will cover an estimated gross floor area of 380,000 square meters, is expected to handle tens of millions of cross-border e-commerce parcels after it opens in 2023.

Cainiao said the Hong Kong hub will help achieve its goal of 72-hour global delivery.

In May, Cainiao announced plans to open five logistics hubs in Asia, Europe, and the Middle East as part of its efforts to expand its global delivery network. 

   Print   To Top    Close  
0

Related Articles

Chinese researchers develop online database for dog research
Chinese universities perform well in global rankings for computer science, en...
Fossilized baby dinosaurs reveal cause of mysterious death
China develops AI radar for underground space detection in cities
Bulk of southern China was under sea about 400 mln years ago
Chinese medical device manufacturers display core technologies in U.S.
Chinese drone company to establish 1st European research center in France
China opens astronomical science popularizing base in Qinghai-Tibet Plateau
Chinese science union speaks out against unethical biotech applications
Shanghai and Baidu to cooperate on AI development
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280