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HANGZHOU: June 06, 2018. Cainiao Network has announced it is the lead investor of a group funding a new US$1.5 billion logistics centre at Hong Kong International Airport.

Cainiao Hong Kong Alibaba Group’s logistics subsidiary is setting up a joint venture with China National Aviation Corporation and YTO Express with respective shareholdings of 51 percent, 35 percent and 14 percent.

Scheduled to open in 2023, the logistics centre (illustrated) will have a floor area of 380,000 square meters and include a sorting, processing and fulfillment facility featuring automated warehousing technology and automated temperature control.

Cainiao said it expects the new terminal to handle an additional 1.7 million tons of cargo a year through the airport when fully operational.

“The Hong Kong hub will be yet another milestone on our way to achieving our goal of 72-hour global delivery, and will further empower SMEs locally and globally to more readily tap the benefits of more inclusive globalization through cross-border e-commerce,” said Wan Lin, president of Cainiao Network. “As an important gateway for global goods to enter the mainland China market and vice versa, Hong Kong is of strategic importance to Cainiao, and we have a strong commitment to help the city address the surging needs of the future.”

Cainiao already has three global fulfillment centers operated by its partners in Hong Kong and last month began air cargo service to Belgium following the introduction of a similar operation between Hangzhou and Moscow earlier this year.

CSAFE Global


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