04 Jun 2019, Gergana Bencheva, EMIS Editor
Cainiao Network plans to invest CNY 50bn in logistics sector in next three years
Furthermore, the firm plans to use its Internet of Things (IoT) platform to connect as many as 100 million smart devices at courier firms and warehouses.
The move is also in line with Alibaba’s ambition to inject over CNY 100 billion over five years to complete domestic deliveries within 24 hours and global orders within 72 hours, Shanghai Daily noted.
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