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 […]

YTO Cargo Airlines launches new routes to Philippines, Uzbekistan

Earlier this week, YTO Cargo Airlines expanded its network with the launch of two new routes to Tashkent International Airport (TAS) in Uzbekistan and Manila International Airport (MNL) in the Philippines.   YTO will utilize a B737F to operate the first route connecting Western China’s Ürümqi International Airport (URC) to Uzbekistan’s Tashkent International Airport (TAS) that the carrier first flew earlier this week, on July 15. According to YTO, […]