Alibaba announces its intention to invest 13 billion Euros in a smart logistics network.

The first investment made through its subsidiary Cainiao is in a logistics warehouse on at least ten floors in Hong Kong airport. Other projects exist for Dubai, Hangzhou, Kuala Lumpur, Liege and Moscow. Alibaba plans to offer a commitment to deliver anywhere in the world within 72h. Does this point to a future logistics scenario which may have a positive or negative impact on ports?

Full article: Alibaba Group

Leave a Reply

Your email address will not be published. Required fields are marked *