Wednesday, May 11, 2016

Alibaba financial report: Cainiao logistics a boon to revenue

Alibaba has grown far beyond a simple e-commerce company, and one of it’s most important subsidiaries is the logistics firm Cainiao Cainiao, the logistics subsidiary of Chinese e-commerce giant Alibaba, has completed a financing round worth RMB 10 billion (USD 1.5 billion), Alibaba’s 2016 Q4 financial report confirmed on Thursday. Alibaba says it will hold...
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