Alibaba Group acquires minority stake in YTO Express

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Alibaba Group Holding has acquired a minority stake in Shanghai YTO Express, one of China’s leading logistics companies.

YTO Express is one of 14 logistics partners that work closely with Cainiao – the logistics affiliate of e-commerce company Alibaba Group. Cainiao and YTO Express will now work together to enhance the industry’s logistics management capabilities and international and rural delivery services. This will raise the service quality and user experience for merchants, consumers and logistics companies in China.

Cainiao was founded by Alibaba Group in May 2013 in partnership with a consortium of logistics companies. Cainiao’s aim is to build a nationwide logistics platform that connects a network of delivery companies, warehouses and distribution centers to enable higher efficiency in China’s logistics industry.

Yu Wei Jiao, chairman at YTO Express, said, “As a leading player in China’s logistics industry, our collaboration with Alibaba Group and Cainiao will help us boost our strategic product and service offerings to catalyze a breakthrough in efficiency within China’s logistic sector.”

Judy Tong, senior vice president at Alibaba Group and president at Cainiao, said, “The strategic investment in YTO Express reflects our commitment to improving quality and service standards in China’s logistics industry. As a platform, we look forward to working closer with partners who share our vision to develop more efficient logistic infrastructure and solutions that will drive development of China’s logistics sector in order to fully satisfy our customers’ needs.”

May 27, 2015

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, editor-in-chief

Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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