Alibaba Group, Partners To Spend $3B-$4.5B For Warehouse Network In China - Reuters
Alibaba Group and its financing partners plan to spend $3 billion to $4.5 billion to set up a warehouse network in China to capitalize on the booming e-commerce market, Reuters reported. Some of the investment may be made through a fund to be set up with private equity and venture capital firms. Sources told Reuters in October that Alibaba Group is planning to expand its logistics network to reach 52 cities in two years from 20 cities currently.
19 January 2011•3 mins read
