Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 01 2018

Alibaba to inject 100 bn yuan for smart logistics

Executive Chairman of Alibaba group, Jack Ma made the announcement at the 2018 Global Smart Logistics Summit in Hangzhou, China.

Chinese e-commerce giant Alibaba Group has announced its investment plan of over 100 billion yuan to build a smart logistics network, aimed at improving the company's efficiency and delivery reach to customers.

Executive Chairman of Alibaba group, Jack Ma made the announcement at the 2018 Global Smart Logistics Summit in Hangzhou, China.

The new network being planned will mainly focus on pushing a 24-hour product delivery across China and 72-hour delivery to the other countries, the company said in a statement.

Additionally, the smart network also aims to narrow down the logistics costs to less than 5 per cent and increase the profit margins for the manufacturing industry and logistics sector.

"This network is not only national but global. This is what we will work closely with our partners to achieve and bring benefits to all," said Ma.

Alibaba claims that its logistics affiliate, Cainiao Network has reduced cross-border shipping time to less than 10 days for some countries along with same-day and next-day deliveries within China and over 1,500 other counties and districts.

"Today, the industry can process 100 million packages a day. In the future, we will need to process one billion packages a day. The logistics industry needs to get prepared for that with a robust infrastructure," Ma added.

Comment
image
Related opportunities
  • Automobile maintanance related
    About Us: Car Mall is a one-stop shop to buy and..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: KRS Educreations Pvt Ltd brings a pre-school franchise model..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 1000 - 2000 Sq.ft
    Franchise Outlets 50-100
    Franchise Type Unit, Multiunit
    Headquater Ghaziabad Uttar Pardesh
  • Quick Service Restaurants
    About Us:  Inspired by Hong Kong's favorite street food the..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Healthcare & Medical Products
    About Us: India's Leading budget eyewear brand. Founders are from IIM..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities