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Alibaba Group to Pay USD 433.5 Mln to Settle Shareholder Class Action Lawsuit
Alibaba Group, 10/27/24
Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK) announced today in a filing with the Hong Kong Stock Exchange that it had agreed to pay USD 433.5 mln to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices. Read More
Best Inc. Expands into Indonesia with Cross-Border and SaaS Services
Best Inc., 8/29/24
Chinese smart supply chain and logistics services company Best Inc (NYSE: BEST) today held an opening ceremony in North Jakarta, Indonesia, announcing the official launch of cross-border supply chain services and full-scenario, full-link SaaS solution services in Indonesia. Read More
Alibaba's 'Cainiao' Logistics Arm Submits IPO Prospectus to HKSE
Marbridge Consulting, 9/26/23
Cainiao Smart Logistics Network Limited, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), submitted an IPO prospectus to the Hong Kong Stock Exchange today. Read More
Alibaba's Freshippo Grocery Chain Opens 12 More Stores
Sohu, 6/30/23
Freshippo, the high-tech grocery chain of Chinese internet giant Alibaba Group (NYSE: BABA; 9988.HK), announced today it has opened 12 more stores in eight cities across mainland China, including Beijing, Shanghai, and Guangzhou. Read More
Alibaba's Cainiao to Roll Out 5-Day Delivery Service Globally
Alibaba Group, 6/28/23
Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), pledged today to deliver cross-border parcels within five working days, which it said would be 30% faster than the industry standard. Read More
JD Logistics Partners with Biedronka, Poland's Largest Retail Chain
JD.com, 12/08/22
JD Logistics (2618.HK), the logistics arm of Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK), and Biedronka, the largest retail chain in Poland, have jointly announced the formation of a partnership in which the Polish grocery giant will leverage JD Logistics' warehousing and distribution capability in Poland to fulfill its online orders and expand its online business. Read More
Cainiao Launches First Sorting Center in the Americas
Cainiao, 3/29/22
Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), today announced the launch of its sorting center in Municipality of Tultepec, State of Mexico. Read More
JD.com Launches New All-cargo Charter Flight Between China and UK
JD.com, 9/09/21
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) launched an all-cargo charter flight between China and the UK on September 8, the e-commerce giant's first regular cargo flight to Europe. Read More
JD.com Launches Shenzhen-Bangkok All-Cargo Charter Flight
JD.com, 5/28/21
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) opened an all-cargo charter flight between Shenzhen and Bangkok on May 28, the e-commerce giant's first in the Asia-Pacific region. Read More
Cainiao Parcel Pick-up Lockers Deployed in Poland
Cashless.pl, 3/09/21
A working self-service parcel pick-up locker operated by Cainiao, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), has been deployed on one of Warsaw's streets, reports Cashless.pl. Read More
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