Alibaba prepares for next wave of e-commerce with 100 billion yuan investment into smart logistics

Alibaba is preparing for the next wave of e-commerce by investing more than 100 billion yuan to build the technical backbone for a smart logistics network.
The network, which will be handled by its logistic subsidiary Cainiao Network, is aimed at improving delivery reach and efficiency, as well as driving down logistics costs for the e-commerce giant which handles around one million B2C parcels that go through customs clearance every day.
The investment was announced by Alibaba founder Jack Ma,