Apr 09, 2018 07:21 PM
BUSINESS & TECH Plows Logistics Resources Into Mao Zedong Hometown Inc. Chairman Liu Qiangdong. Photo: Hunan Daily Inc. Chairman Liu Qiangdong. Photo: Hunan Daily will invest 10 billion yuan ($1.6 billion) on a new smart logistics initiative in the hometown of former Chinese leader Mao Zedong, in the e-commerce giant’s latest push to improve efficiency of its national fulfillment networks. Inc. has signed a deal with the city of Xiangtan, which will see the pair “cooperate to build up a smart logistics system in the city, including investment for the purchase of electric scooters and drones, among other projects,” the company said in statement on Sunday.

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