$15 Billion Investment from Alibaba

Alibaba has announced that it will make a logistics investment of 100 billion Yuan ($15.12 billion) for the next 10 years to develop its logistics network.

In an effort to gain control over the Alibaba logistics and e-commerce market, Cainiao Smart
With an additional investment of 5.3 billion Yuan in the Logistics Network, it decided to increase its share share from 47% to 51%.

Thus, the Chinese logistics joint venture, Cainiao, was valued at about $20 billion. Alibaba CEO Daniel Zhang said in a statement: The partnership and additional investments with Cainiao demonstrate Alibaba's commitment to create the most effective logistics network in China and the world.

The decision comes at the same time that Alibaba recently invested $2 billion in the retailer Lazarada Group in Indonesia, Thailand and the Philippines, in newly announced Southeast Asia. According to a statement from Alibaba, the $15 billion investment will be used to improve data technology and improve storage and delivery development.

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