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Alibaba invests further in cold chain logistics
2017/08/08
August 6, 2017
Hangzhou, China: Chinese e-commerce company Alibaba Group has made its fourth investment into online fresh produce marketplace Yiguo.com: the money will be used to further develop Yiguo subsidiary ExFresh, China’s largest cold-chain logistics platform.
 
Alibaba said the investment valued at $300m, will allow it to expand Alibaba’s delivery reach while gaining better control of its distribution and logistics.
 
Alibaba Group vice president Jet Jing said the investment will also enable Alibaba’s Tmall Supermarket division to work more closely with Yiguo.
 
He said the partnership between Tmall and Yiguo had already improved the company’s supply chain services, bringing premium produce from over 147 countries including the US, Argentina, Norway and Australia to Chinese consumers.
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