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HONG KONG: December 12, 2018. The Alibaba Group and the Airport Authority of Hong Kong have announced they are to build a global smart logistics network to foster more inclusive trade.

Alibaba Hong KongThe collaboration entails a Smart Logistics Hub in Kwo Lo Wan at the Hong Kong International Airport (HKIA).

In June this year Alibaba Group logistics subsidiary Cainiao Network said it was the lead investor of a group funding a new US$1.5 billion logistics hub at HKIA.

Cainiao is setting up a joint venture with YTO Express and China National Aviation Corporation with respective shareholdings of 51 percent, 14 percent and 35 percent.

Scheduled to open in 2023, the hub 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.

HKIA says the new smart hub is to acquire “opportunities arising from increased cross-border e-commerce and related businesses, as well as the growth in the logistics business related to temperature-controlled products such as pharmaceuticals”.

Pictured left to right: Angel Zhao, Alibaba Group president of Global Business; Jack Ma, executive chairman of Alibaba Group; Jack So Chak-kwong, chairman of the Airport Authority (AA) Hong Kong and Fred Lam, CEO of AA.

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