Sunday, May 17, 2015

Alibaba Invests in Chinese Logistics Company YTO Express

Alibaba and YTO ExpressAlibaba has made a strategic investment in Chinese logistics company YTO Express to help both businesses improve logistics efficiency for their customers.

Alibaba Group takes a minority stake in Shanghai YTO Express (Logistics). Both companies will cooperate in developing optimal logistics solutions for China in order to raise operational efficiency in the industry.

YTO Express is one of 14 logistics partners that work closely with Cainiao, the logistics affiliate of Alibaba Group. Cainiao and YTO Express will work together to enhance the industry’s logistics management capabilities and international and rural delivery services. This will in turn raise the bar on service quality and user experience for merchants, consumers and logistics companies.

Cainiao was founded by Alibaba Group in May 2013 in partnership with a consortium of logistics companies. Cainiao aims to build a nationwide logistics platform that connects delivery companies, warehouses and distribution centers together in order to enable higher efficiency in China’s logistics industry and a better customer and merchant experience.

“Our collaboration with Alibaba Group and Cainiao will boost our strategic product and service offerings to catalyse a breakthrough in efficiency within China’s logistic sector,” said YTO Express  chairman YU Wei Jiao.

Judy TONG, senior vice president of Alibaba Group and president of Cainiao said, “The strategic investment in YTO Express reflects our commitment to improving quality and service standards in China’s logistics industry. As a platform, we look forward to working closely with partners who share our vision in developing an efficient logistics infrastructure and solutions that will drive development of China’s logistics sector in order to fully satisfy our customers’ needs.”