Alibaba’s logistics arm, Cainiao Network, this week continued to pump cash into supply chain technology start-ups.
Hong Kong’s GoGoVan announced this morning Cainiao had joined other investors in a new $250m funding round to fund GoGoVan’s aim of global expansion.
This has been its central strategy since last August when the mobile app-based logistics platform merged with Chinese intra-city logistics provider 58 Suyun.
“Since the merger, our business has been advancing rapidly,” said Steven …
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Source: The Loadstar