Alibaba invested 4.66 billion yuan in Shentong Express
Mar 11, 2019| Today, Shentong Express announced that Alibaba will invest 4.66 billion yuan to participate in the shareholding company of Shentong Express. The commentary believes that this is an important progress in accelerating the construction of an intelligent logistics network extending in all directions. The goal of 24 hours a day and 72 hours a day in the world has taken a solid step.
Founded in 1993, Shentong Express is an early private express delivery company in China. It is now one of the leading express logistics companies in China. Shentong Express is also one of Alibaba's closest logistics partners.
According to the previously disclosed information, Alibaba and the rookie intelligent logistics network have attracted more than 3,000 logistics companies from all over the world to participate in strategic cooperation with the postal networks of major countries such as China Post, Russia Post and Spain Post, with Singapore Airlines and United Arab Emirates. The global mainstream airlines such as aviation and air bridge aviation have established in-depth cooperation in air transportation networks, and formed normalized transportation cooperation with China-European trains, Southeast Asia and Australia.
The volume of China's express delivery has grown rapidly for ten consecutive years. In 2018, it exceeded 50 billion pieces, accounting for more than 40% of the world. The logistics infrastructure of the whole society has changed from labor-intensive to technology-intensive. Behind this is the result of the combined effects of Alibaba, rookie and thriving courier companies.