The Digital Source For China's Tech Innovation Since 2000

Search
Close

Cainiao Network, China Life Create Massive Logistics Warehousing Fund

June 28, 2017
Business

Cainiao Network Technology, logistics subsidiary of Alibaba Group, announced plans to cooperate with China Life to set up a logistics warehousing fund with a scale of CNY8.5 billion.

Morgan Stanley will be the exclusive financial consultant of this fund.

This is reportedly the first logistics warehousing fund established by Cainiao. As a general partner of this fund, Cainiao will be responsible for the unified operation and management of fund assets.

Cainiao will inject some of its existing logistics warehousing projects into the fund. The raised capital of the fund will be partially used for logistics park construction.

Cainiao said that with four years of development, Cainiao and its partners improved China's logistics efficiency and upgraded inventory turnover of vendors. However, China still does not have enough good logistics services and facilities. They welcome more partners to join them to build intelligent logistics.

Tags: Alibaba | Cainiao | China Life | courier | delivery | investment | logistics | private equity | warehouse

Other Related News:

EU Takes China To WTO In Smartphone Patent Spat

February 22, 2022

Baidu Hong Kong stock: Buy or sell?

February 22, 2022

Opinion: Here is what I have and wrong with stocks, bitcoin and China this year and my forecast for 2022

December 26, 2021

China’s cyberspace watchdog reports ‘significant results’ in online platform regulation

July 31, 2022

13,760 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by Stonnington Group LLC

July 28, 2021

Alibaba.com Stops Placing Advertising On Baidu.com In China

October 31, 2008

Goldman’s top banker says many Chinese IPO clients considering shift to HK from US exchanges

November 9, 2021

English Learning Website Gains Investment From Chinese Firms

February 26, 2014

Tencent Announces Structural Adjustment Aimed At Animation And Film

March 29, 2015
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter