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Alibaba launches $240M logistics fund with China Life to boost warehousing and delivery networks.
Alibaba launched a $240 million logistics fund with China Life Insurance to expand warehousing and supply chain infrastructure, supporting its instant retail and e-commerce growth.
Stronger-than-expected quarterly revenue was driven by rising demand for one-hour delivery services and AI-powered shopping tools, alongside robust performance in its cloud computing division.
The investments reflect Alibaba’s push to strengthen physical logistics networks amid intense competition in China’s digital economy.
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Alibaba lanza un fondo logístico de $240M con China Life para impulsar las redes de almacenamiento y entrega.