Alibaba fortifies the logistics sector by 2% stake acquisition of Yunda
superman
Posted On May 6, 2020
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Logistics and courier services have long been criticised by users when purchasing from TMall or Taobao, compared to that of JD. To improve the online shopping experience, Alibaba developed its own logistics arm Cainiao in 2016 and inked a strategic partnership with top Chinese logistics companies, including ZTO Express, YTO Express, STO Express, and Best, which also cross own stakes in Cainiao. The investment by the e-commerce giant in Yunda will surely expand its business reach and further standardise the delivery service of Taobao and TMall.
