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Courier Company Picks Up Jumbo Jets on Taobao

After beating out at least 25 bidders, SF Airlines — a subsidiary of Chinese courier company SF Express — became the new owner of the two jets, for which it spent over $48 million. Photo: Visual China
After beating out at least 25 bidders, SF Airlines — a subsidiary of Chinese courier company SF Express — became the new owner of the two jets, for which it spent over $48 million. Photo: Visual China

The name of e-commerce platform Taobao can be literally translated as “digging for treasure.” But a recent sale on the site shows that treasure can be found in the clouds, as well as underground.

Chinese air freight company SF Airlines just bought a pair of Boeing 747 jumbo jets that had been seized by the Shenzhen Intermediate People’s Court through the site’s judicial auction arm. The price tag was over 320 million yuan ($48 million).

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