Alibaba to invest $15 billion into robotic logistics infrastructure

 

Alibaba is planning to invest $15 billion into developing a robotic logistics infrastructure, according to the Wall Street Journal

Alibaba is said to be the world’s largest e-commerce company, mainly concentrating on the business-to-business sector rather than retail, but until now, it has relied on outside companies to provide its logistics.

Now, the company has invested an additional $801 million to buy a controlling stake in Cainiao Smart Logistics.  Continue reading Alibaba to invest $15 billion into robotic logistics infrastructure