Alibaba's Cainiao JV to invest $1.53 bln in Hong Kong logistics hub
June 06, 2018 at 03:22 AM EDT
SHANGHAI, June 6 (Reuters) - Alibaba Group Holding Ltd's logistics affiliate said on Wednesday that it would lead a joint venture to invest $1.53 billion in a new logistics centre at Hong Kong's airport as part of its efforts to expand its global delivery network.
