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Thursday, January 20, 2011 China’s largest e-commerce group to invest $4.5 bil on distribution network Alibaba Group, China's largest e-commerce firm, and its financing partners plan to spend up to $4.5 billion setting up a network of warehouses across the country to tap a growing appetite for online shopping. The $3.0 billion to $4.5 billion investment will be made over three to five years and will be aimed mainly at building warehouses and also supporting logistics firms, the company said on Wednesday. Sources told Reuters in October that Alibaba Group was planning to expand its logistics network to reach 52 cities in two years from 20 cities currently. -Reuters For the full story: www.reuters.com More Newswire stories Is momentum for LNG-powered shipping building? Terminal operator in Columbia taps APS for automated solutions GE, Tessco to develop rail technology to help prevent collisions NYU duo create high-tech sweatshirts that detect pollution	Click to browse past stories on these topics: Logistics Ports & Infrastructure Economic Outlook Environmental Impact Technology
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China’s largest e-commerce group to invest $4.5 bil on distribution network