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

Amazing Express Race Part II: And the Winner is…

Shanghai – And the winner is… Last month after Cargo Facts Asia 2018, the Cargo Facts team ran an experiment to test the speed, convenience, and reliability of cross-border express shipments between China and the United States (see part I here). Three-weeks after dropping the parcels off at various ship centers in Shanghai, two of […]
  • Caryn Livingston and Charles Kauffman
  • May 15, 2018

The quiet rise of Chinese express: STO launches Brescia 747F flights

Beginning today, 23 March, an SW Italia 747-400F operated for China-based Shentong Express (STO) will touch down regularly at Brescia Montichiari Airport (VBS), just 100km east of Milan. The new thrice-weekly cargo service connects Hong Kong International Airport (HKG) to Brescia via Baku (GYD), reportedly carrying express parcels and Chinese exports bound for warehouses and […]
  • Charles Kauffman
  • March 23, 2017

Global Buy, Global Sell

Early last year, when Daniel Zhang took over as CEO of Chinese e-commerce giant Alibaba, he said the company was going to globalize, that the new goal was “Global buy and global sell.” In his view, Alibaba’s market was no longer China, but the world. But how to reach the world? Over the last two […]
  • David Harris
  • November 29, 2016