Alibaba ups majority stake in Cainiao ahead of 11.11

Alibaba increased its majority stake in its logistics affiliate Cainiao Smart Logistics Network to 63% from 51% with an investment of US$3.3 billion today. The news comes just before China’s major “11.11” shopping holiday on Nov. 11, and on the heels of other moves the e-commerce giant recently made to expand its global presence, including shipping freight via train to Liège and […]

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Chelsea Toczauer

Chelsea Toczauer is the Associate Editor of the company’s daily news and monthly magazine Air Cargo World. She holds two BAs in International Relations and Asian Languages and Cultures from the University of Southern California, as well as a double accredited US-Chinese MA in International Studies from the Johns Hopkins University-Nanjing University joint degree program. Chelsea speaks Mandarin and Russian.