Alibaba to Boost Delivery Capacity
(Beijing) - Alibaba Group, China's biggest e-commerce company, announced that it will invest up to 30 billion yuan with its financial partners into its logistics capacity over three to five years as part of the company's plan to boost the company's delivery of goods.
According to Alibaba's plan, the first phase of investments totaling 20 to 30 billion yuan will be used to set up a national warehouse network. Follow-up investments will amount to a total investment of 100 billion yuan, according to Alibaba.
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