Wednesday, June 1, 2011

Alibaba to launch logistics portal

China's online global trade portal, Alibaba.com, announced it is developing a logistics platform in partnership with China Post as part of the firm's $1.5 billion investment into setting up its own logistics network.

Alibaba says its logistics portal will reportedly be aimed at small-to-medium-sized firms already engaged in the Hanghzhou-based company's other related web-based trading platforms.

The new service will reportedly provide logistics support to shippers and retailers, including distribution and warehousing opportunities near ports.

The tech firm said it also plans to offer an international delivery service for its aliexpress.com customers.

Alibaba accounts for 63.5 percent of China's mainland online market according to Hong Kong-based Global Sources.

For more on the Alibaba logistics story: english.peopledaily.com.cn

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