Sunday, October 26, 2014   

Alibaba to develop 'smart' logistics network with China Post
(06-12 16:49)

E-commerce giant Alibaba said it would develop a logistics network with China's dominant state postal carrier, the latest in a series of deals before a planned US listing.
The firm operates China's most popular online shopping platform, Taobao, which is estimated to hold more than 90 percent of the online market for consumer-to-consumer transactions. But the company has identified delivery problems as a bottleneck for its business.
It said in a statement that it will develop a ''smart'' logistics network with China Post through a strategic cooperation deal, integrating more than 100,000 post offices into its own system.
The two will also collaborate on e-commerce, finance and information security, it said, but gave no details.--AFP
   
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European stocks fall at open (10-24 16:05)
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