Alibaba Launches Cainiao Next-Day Delivery In Europe, Plans Global E-Commerce Hubs
Portfolio Pulse from Anusuya Lahiri
Alibaba's Cainiao unit launches next-day delivery in Europe, plans global e-commerce hubs. The move is part of Alibaba's strategy to expand globally and regain market share. Alibaba's stock is down 4% over the past year but shows potential for recovery with its inclusion in the Stock Connect program.
September 12, 2024 | 2:30 pm
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Alibaba's Cainiao launches next-day delivery in Europe, aiming to expand globally. This strategic move could help regain market share. Alibaba's stock is down 4% over the past year but may recover with its inclusion in the Stock Connect program.
The launch of next-day delivery in Europe by Cainiao, a unit of Alibaba, is a significant step in Alibaba's global expansion strategy. This move is likely to enhance Alibaba's logistics capabilities and market presence in Europe, potentially boosting its stock price. Additionally, Alibaba's inclusion in the Stock Connect program could further drive stock price recovery, as seen with other tech giants.
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