Cainiao Network Technology, the logistics unit of Chinese Internet giant Alibaba Group Holding, announced a three-year initiative to ramp up efficiency so it can deliver packages within 24 hours in China and 72 hours globally.
The affiliate of the country’s largest e-commerce player said the company will invest at least 1 billion yuan (RM605.2mil) in its logistic network to increase chartered flights, build out warehouse facilities and expand partnerships with customs authorities around the world.
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