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 […]

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 […]

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 […]

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 […]

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 […]

Aviastar-TU sees more 757Fs on the horizon

After taking delivery of a 757-200PCF (25731, ex-American Airlines) on-lease from New Zealand-based Airwork this month, Russia-based Aviastar-TU confirmed to Cargo Facts that it plans to add another freighter-converted 757-200PCF later this year, and possibly more in 2019. The carrier’s second 757-200 (25696) is already in conversion with Precision Aircraft Solutions at the Aersale facility in […]
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