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24 September 2020 The on-line newspaper devoted to the world of transports 10:45 GMT+2

September 26, 2017

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Original news
In next the five Alibaba years will invest 15,2 billion dollars in the
the Chinese group will acquire the control of the Cainiao Smart Logistics
the Chinese group Alibaba has announced today an investment of 5,3 billion yuan (807 million dollars) in order to elevate to 51% own share quota in the logistic society affiliated Cainiao Smart Logistics Ltd Network., participation that currently is pairs to 47% of the capital of the company. According to the forecasts, the acquisition will be capacity to term within the next month.

Moreover the group, that it possesses the greatest platform than Chinese e-commerce, has returned note the intention to invest very 100 billion yuan (15,2 billion dollars) in the arc of next the five years in order to upgrade own logistic Network with the scope to reach the objective to complete the deliveries of shipments over 24 hours in China and 72 hours in any other part of the world.

"our objective with this investment - the managing director of the Alibaba group has explained, Daniel Zhang - is that to offer to the consumers of all the world a experience major-league. Our engagement regarding Cainiao and the ulterior investments in the logistics - it has emphasized - demonstrates the engagement of Alibaba in order all over the world to realize the more efficient logistic net in China and. Increasing the logistic abilities in the within of the Alibaba ecosystem and increasing our investment in this field, we are ulteriorly developing to our strategy New Retail in order to make of the sales online and offline an only experience for the purchasers. In order to reach this scope - it has specified Zhang - we will continue also to strengthen our collaboration with various partner logistic".

PSA Genova Pra'
Autorità di Sistema Portuale Mar Ligure Orientale

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