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Alibaba wants global warehouse network

Alibaba plans to spend $16bn on logistics over the next three years.

It plans to beef up its warehousing and transportation to allow it to deliver anywhere in the world in three days.

The Chinese online retail colossus is spending £3.3bn building its stake in its Cainiao logistics arm from 51% to 63%, as it invests heavily in warehousing and lockers across China and beyond.

The FT (£)

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