Monday, March 14, 2016

The ‘newbie’ is growing up: Alibaba’s Cainiao gets funding from Temasek, others

The Cainiao news is not the first foray into Chinese logistics for Temasek; it invested US$250 million in a commerce warehouse in 2014 The logistics arm of Alibaba,*Zhejiang Cainiao Supply Chain Management Co. (Cainiao), has raised an undisclosed funding round that includes participation from Singapore’s Temasek Holdings, according to a report from Reuters. Other investors...
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