All Alibaba articles – Page 2
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News
Alibaba set to increase stake in YTO?
Chinese e-commerce logistics giant Alibaba is reportedly in talks to ramp up its shareholding in express delivery firm YTO.According to a Reuters report, Alibaba is looking to become the largest shareholder in YTO, boosting its holding from 10% with additional stake up to 30%.The news agency — quoting two unnamed ...
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News
Cainiao to quadruple charter network for faster deliveries
Alibaba's logistics arm, the Cainiao Smart Logistics Network, has said it will quadruple its charter network as part of efforts to speed up delivery times.The company said that it planned to increase charter flights from 260 to 1,260 over the next nine months to help bring delivery times down from ...
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NewsEthiopian Cargo in medical supplies freighter flight
Ethiopian Cargo and Logistics Services has transported emergency medical supplies from Jack Ma, the founder of China’s e-commerce giant Alibaba, to support the fight against COVID-19.A freighter flight carrying 108 tons of test kits and other healthcare products took off from Guangzhou in China and arrived at Addis Ababa Bole ...
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NewsA record year for cargo at Liege
Liege AirportLiege Airport handled a record amount of air cargo last year as it attracted a host of new freighter services.The Belgian airport handled a total of 902,480 tonnes in 2019, which represents a 3.6% increase on 2018's 870,644 tonnes.The airport pointed out that it had achieved the growth despite ...
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News
Liege Airport aims to improve efficiency with Alibaba tech
Alibaba Cloud and Liege Airport have announced a joint plan to work together to utilise Aviation Brain, a proprietary artificial intelligence (AI) program that helps the aviation sector tackle real world operational challenges.Liege Airport said it hopes to leverage Alibaba Cloud’s technologies to improve procedures and efficiency.The two hope to ...
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NewsLiege Airport signs three new partnerships
Night operations at Liege AirportLiege Airport has announced three new partnerships – with Alibaba Cloud, Orange Belgium and Qatar Airways.The announcements were made the airport’s WeCargo event 12-14 November which brought together start-ups, air cargo experts and investors at the Belgian air freight hub.Alibaba Cloud, the technology subsidiary of Chinese ...
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NewsSingles' Day sets new record
President of Taobao and Tmall Fan JiangThe Singles' Day shopping bonanza set a new record yesterday, with sales on Alibaba's platforms reaching $38.4bn.Chinese e-commerce giant Alibaba said that sales through its payment platform were up 26% compared with last year as the day cemented its place as the world's biggest ...
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NewsAviastar-TU to conduct Cainiao's Hangzhou-Moscow flights
Aviastar-Tu Tu-204C. Source: AviastarRussian airline Aviastar-TU has confirmed that it will operate Hangzhou-Moscow cargo flights on behalf of Cainiao – the logistics arm of Chinese e-commerce giant Alibaba.In an emailed statement, the carrier said it would operate the flights using its Tupolev 204C and B757-200F aircraft.In a statement the airline ...
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NewsAlibaba set for another record Singles' Day as it ups stake in Cainiao
Singles' Day sales reach RMB100bn in one minuteAlibaba Group Holdings has increased its stake in logistics business Cainiao to around 63% with a $3.3bn investment ahead of what is expected to be another record Singles' Day.Other existing shareholders also participated in the fundraising, demonstrating "strong support for Cainiao’s long term ...
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News
Alibaba to launch China-Russia freighter services
Alibaba's logistics arm Cainiao has teamed up with Aviastar-Tu and Pochta Russia to launch freighter flights carrying e-commerce goods.According to a report in Reuters, Cainiao will lease seven freighters from the two Russian companies to launch daily flights from China to Moscow, Yekaterinburg and Krasnoyarsk on behalf of AliExpress Russia.The ...
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News
Is e-commerce worth the investment for air cargo?
Amazon is upping the ante in the race to the consumer’s door with the announcement that it is slashing delivery times for its Prime customers from a standard two-day window to next day.For now the change targets the US market, but Amazon has signalled that it intends to come up ...
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NewsAlibaba increases investment in China’s express sector
ShutterstockAlibaba Group Holding Ltd will take a 14% stake in STO Express Co Ltd, one of the largest express delivery companies in China.Reuters reported that STO Express said that its controlling shareholder planned to set up a new subsidiary that will own a 29.9% stake in the courier firm.Alibaba will ...
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