Independent journal on economy and transport policy
20:29 GMT+1
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Alibaba acquires 10% of the capital of express the Chinese society of deliveries ZTO
The investment piles to 1,38 billion dollars
May 30, 2018
The Chinese group Alibaba, that it possesses homonymous the great platform web of electronic commerce, continues last September decided in own program of increment of the presence in the announced logistic field that it previews investments pairs to about 15,2 billion dollars in five years(on 26 September 2017). The Chinese group and its branch logistic Cainiao in fact have tightened an agreement with express the Chinese society of deliveries ZTO Express in order to acquire 10% about of the share capital. The operation, than is previewed will be concluded in the next few days, demands an investment of 1,38 billion dollars in order to buy the share quota.
The acquisition frames in the strategy "New more programmed Retail" by Alibaba based on an integration emphasized between the commerce on-line and those off-linens. The income of Alibaba in the capital of the ZTO, society that last year it has carried out beyond 6,3 million deliveries and it has recorded a turnover of 13,06 billion yuan (two billions of dollars), with increments respective of +38% and +33% on 2016, has the scope to increase the collaboration between the Cainiao and the ZTO: "ZTO - Daniel Zhang, managing director of the Alibaba group and president of Cainiao Network has explained - has been an important partner of the Alibaba group and Cainiao Network in the development of the new digital economy. The continuous expansion of the New Retail is catalyzing new opportunities and question in the logistic field. This strategic investment will strengthen the synergies between our respective activities in order to create new value and to improve the experience for the shopkeepers and the consumers".
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The Chinese group Alibaba, that it possesses homonymous the great platform web of electronic commerce, continues last September decided in own program of increment of the presence in the announced logistic field that it previews investments pairs to about 15,2 billion dollars in five years
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
