Cainiao takes stake in Air China Cargo

Alibaba’s logistics platform Cainiao has leveraged charter flights and dedicated airfreight capacity in recent months to counter the pandemic-induced capacity crunch and fuel cross-border e-commerce growth; its next step includes investing in a cargo airline with freighters. Cainiao, through wholly-owned subsidiary Zhejiang Cainiao Supply Chain Management, is one of four companies contributing capital totaling $732 […]