Logistics
CAINIAO LAUNCHES SERVICE IN SOUTH KOREA
October 30, 2020
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Cainiao Smart Logistics Network, the logistics arm of Alibaba Group Holding Limited, announced that it launched an end-to-end logistics and supply-chain services for local businesses in South Korea.

 

The Alibaba Group logistics unit said its first- and last-mile, warehouse management, international shipping, trucking and customs clearance services should reduce delivery times to 5-7 days from the current 10-13 days.

 

Cainiao is using both its smart logistics platform and technology to digitalize the entire value chain and over 15,000 square meters of strategically located warehouse space near airports and seaports in South Korea to facilitate the movement of goods for import and export.

 

China is South Korea’s largest partner in two-way trade, accounting for US$160 billion, or 25.9%, of total exports, and US$107 billion, or 21.1% of imports.

 

Cainiao said it will handle international shipping on the route with six ships and six cargo planes weekly.