Venture Houston 2018
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11 July 2018

Cainiao carries $290m to Dianwoda

Cainiao Networks has taken a controlling stake in the logistics service provider, which already counted Cainiao parent Alibaba as an investor.

Author: Thierry Heles, Reporter

Cainiao Networks, the logistics division of e-commerce group Alibaba, paid $290m for a controlling stake in China-based retail delivery service Dianwoda today.