Cainiao shifts focus to import logistics as trade war intensifies

HANGZHOU, CHINA - MARCH 29: Parcels to be delivered to Moscow are loaded on the first plane on the intercontinental routes of Cainiao at Hangzhou Xiaoshan International Airport on March 29, 2018 in Hangzhou, Zhejiang Province of China. Cainiao, a logistics affiliate of Alibaba Group Holding, launched intercontinental routes on Thursday, which will shorten transport time from China to Europe to as little as five days. There will be no more than three flights every week now, but more flights may be added. (Photo by VCG/VCG via Getty Images)

China-based Alibaba Group made no attempt to avoid discussion of the trade war following the release of its Q419 earnings. Instead, during a call with analysts this week, company CEO Daniel Zhang called the tense negotiations between the United States and China, “an opportunity for the Chinese economy.” Rather than focus on export declines, “China […]

 

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