Alibaba acquires 14% stake in STO Express

E-commerce giant Alibaba Group will take a 14% stake in Chinese STO Express through a US$693 million deal. The move strengthens Alibaba’s access to STO’s network, while the new surge of investment will likely help the express carrier in its aims to grow its aircraft fleet.   STO Express announced that its controlling shareholder plans to set up a new […]

• Chelsea Toczauer
• March 11, 2019

Chinese fiscal reform could be a boon to e-commerce, says Alibaba

The Chinese Government’s sudden affinity for fiscal policy expansion is expected to boost consumer consumption and online business activity from small and medium enterprises (SMEs) through a series of pro-consumption fiscal policies, said Joe Tsai, EVP, Alibaba Group. Such fiscal policies also allay fears that new “e-commerce policies” – which aim to make gray-market transactions […]

• Charles Kauffman
• January 30, 2019

Volga-Dnepr Group’s cross-border cooperation with Cainiao reveals long-term ambitions at Liège

Cainiao, the logistics arm of e-commerce giant Alibaba, has named Volga-Dnepr Group its “preferred carrier for airlift capacity and logistics services” and will be granted “guaranteed access” to the Russia-based conglomerate’s fleet of forty-one aircraft, according to a joint release detailing a recently signed MoU between the two companies. For the Group and its cargo […]

• Charles Kauffman
• December 17, 2018

Alibaba’s eWTP lands in Belgium, to bring major Cainiao presence to Liège

The Government of Belgium and Alibaba signed a Memorandum of Understanding (MOU) today, to promote cross-border e-commerce between China and Europe by bringing Alibaba’s Electronic World Trade Platform (“eWTP”) trade hub to Belgium. A major component of the deal includes significant investments in physical infrastructure by Alibaba’s Smart Logistics platform Cainiao, which inked a contract […]

• Charles Kauffman
• December 5, 2018

Cainiao reports faster year-over-year 11.11 deliveries

The investments in cross-border logistics made over the past year by Cainiao, the logistics unit of Chinese e-commerce giant Alibaba, is paying off in record delivery speeds for the company. Following Alibaba’s record-breaking sales on Singles’ Day, or 11.11 for 11 November, Cainiao, also reported topping its own delivery speed from years prior. Cainiao said […]

• Chelsea Toczauer
• November 15, 2018

Cainiao supports record-breaking 11.11 with cross-border logistics investments

Yesterday, during China’s biggest shopping event of the year – Singles’ Day, or “11.11” for 11 November – Alibaba made history by recording the highest revenues and order volume of all time. The event garnered US$30.8 billion in gross merchandise volume (GMV) for a 27% increase from last year, and surpassed 1 billion orders during […]

• Chelsea Toczauer
• November 12, 2018

Turkish Airlines, Hong Kong Air Cargo pursue collaboration

Although the terms of a partnership between the two carriers have not been revealed, Hong Kong Airlines’ subsidiary, Hong Kong Air Cargo, is in discussions with Turkish Airlines regarding “a number of key support-related matters, including codeshare on long-haul routes and optimal utilization of aircraft.” In a statement about the collaboration, HNA affiliate Hong Kong […]

• Caryn Livingston
• November 12, 2018

This year, charter flights are part of Cainiao’s 11.11 strategy

Cainiao, the logistics unit of Chinese e-commerce giant Alibaba is preparing to go global for the biggest online shopping event of the year, “11.11” which falls on Nov. 11. In preparation for an influx of orders from international customers, Cainiao says it positioned 1,000 ocean containers full of goods in international markets and will charter […]

• Charles Kauffman
• October 30, 2018