Despite the gradual restoration of global supply chains post-pandemic, demand for international freight delivery services to and from China stayed sluggish last year as a slowing economy dampened ...
Alibaba Group Holdings Ltd (NYSE: BABA) has increased its ownership interests in the Shanghai-headquartered logistics company YTO Express, the South China Morning Post reported Wednesday. The tech ...
Alibaba strengthens logistics network by investing US$966 million in YTO Express, doubling its stake
Chinese e-commerce giant Alibaba Group Holding has invested an additional 6.6 billion yuan (US$966 million) in YTO Express, more than doubling its stake in the major Chinese courier from 10.5 per ...
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