Budapest Airport plans growth strategy for Asia with new routes

Today, Budapest Airport (BUD) announced its new growth strategy for Asia, set to launch in the new year, which includes the addition of several direct freighter and belly cargo routes to China. Although details on schedules and frequency are still to be determined, the new flights are expected to begin operations next summer. The new […]

Alibaba enters strategic partnership with Volga-Dnepr Group

Alibaba is making moves to further tap into Western markets in a new partnership with the Russian airline conglomerate Volga-Dnepr Group. Today, the e-commerce giant’s logistics unit, Cainiao, signed a memorandum of understanding (MOU) with Volga-Dnepr Group to utilize its trans-Eurasian-focused subsidiary carriers’ networks, and to each “leverage their respective logistics assets in Asia, Europe […]

Pierre Poignant to replace Lucy Peng as CEO of Alibaba subsidiary Lazada Group

Lucy Peng, one of 18 Alibaba co-founders (pictured), is stepping down from her current role of CEO of the e-commerce giant’s Southeast Asian subsidiary, e-commerce website Lazada, after only nine months in the position, according to reports from Bloomberg and Financial Times. Pierre Poignant, who served as chief operations officer at Lazada, and most recently […]

Hong Kong, Alibaba Group to build HKG smart logistics hub

Today, Airport Authority Hong Kong and Alibaba Group announced their commitment to collaborate in building a global smart logistics hub at Hong Kong International Airport (HKG). The right to develop and manage the hub at the world’s busiest cargo airport was awarded earlier this year to a joint venture led by Cainiao Network, the logistics […]

China’s ‘11.11’ event called the biggest shopping day of all time

Yesterday, Alibaba’s busiest shopping event of the year, “11.11,” – formerly knowns as Singles’ Day – made history in both revenues and order volume as the biggest shopping event of all time, according to tallies by its logistics network, Cainiao. The promotion raked in US$30.8 billion in gross merchandise volume (GMV) – a 27 percent […]

Direct Liège-China freight train finalizes new network

This week, Belgium and China finalized a “One Belt, One Road” network by jointly launching a new direct freight train between Liège and central China. The first train of 29 wagons and 37 containers set off yesterday from the Bierset multimodal rail-road platform, operated by Liège Logistics Intermodal, and will travel 12 days across the continent […]

JD.com considers launching ‘Fed-Ex style’ parcel delivery

Beijing-based online retailer JD.com said it is considering incorporating a “FedEx style” parcel delivery service that would allow businesses and individuals in Beijing, Shanghai and Guangzhou to send parcels to locations in China using the firm’s app for same- or next-day delivery, Reuters reported. JD’s fellow e-commerce juggernauts Alibaba and Amazon have also been investing […]

Singapore Airlines, Cainiao partner to expedite cross-border shipments

Today Hangzhou-based Cainiao Network Technology Co., Ltd., the smart logistics subsidiary of Chinese e-commerce giant Alibaba Group, inked a strategic partnership with Singapore Airlines to leverage the airline’s network to expedite cross-border e-commerce deliveries. The partnership represents one of a number of agreements between Singapore Airlines and Alibaba Group affiliates to cooperate on a number […]

Alibaba, Bolloré to partner in series of high-tech joint endeavors

Chinese e-commerce giant Alibaba and Paris-based Bolloré logistics have entered an agreement to share their best-practices and respective market knowledge, and potentially cooperate on projects in autonomous driving, cloud computing, and the creation of data management software. Cainiao, Alibaba’s logistics network; Alibaba Cloud, its computing arm; and Bolloré Logistics’ battery-making division, Blue Solutions, are among […]
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