Cainiao Good Logistics Community, the logistics arm of Chinese language e-commerce large Alibaba Group, introduced on Thursday the launch of its 2021 international open tender valued at 500 million yuan ($76.5 million) because the agency makes an attempt to strengthen its international logistics community to assist cross-border e-commerce development.
The worldwide open tender encompasses all key markets together with North Asia, Southeast Asia, Europe, Center East, Australia, New Zealand, and the US. The deadline for tender submissions is December 15, 2020.
“As a digital logistics platform, Cainiao adopts a collaborative approach by integrating existing industry logistics resources and empowers connected partners with an innovative and open data platform which improves efficiency along the entire value chain,” stated Cainiao in an announcement.
The event represents Cainiao’s newest initiative to construct out a world logistics infrastructure, since Alibaba elevated its stake within the logistics unit from about 51 per cent to 63 per cent in November 2019 to unfold the agency’s international ambitions.
With Alibaba paying 23.Three billion yuan ($3.6 billion) for the extra 12 per cent stake, Cainiao reached a valuation of round 194.2 billion yuan ($29.7 billion).
The funding helped Cainiao obtain an almost four-fold valuation improve in lower than 4 years, from about 50 billion yuan ($7.6 billion) when the agency had closed its preliminary funding spherical at over 10 billion yuan ($1.5 billion) in March 2016. Its first financing was backed by traders together with Singapore’s sovereign wealth fund GIC, Singapore state investor Temasek, Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, and China-based Primavera Capital Group.
Cainiao, based in May 2013, has developed right into a platform of over 3,000 logistics companions and three million courier personnel.
The open tender covers each business-to-consumer (B2C) and business-to-business (B2B) companies.
Within the B2C space, Cainiao will curate a listing of Cainiao-certified third-party logistics (3PL) companions to supply a full suite of end-to-end logistics companies for retailers, spanning abroad parcel assortment, worldwide line-haul, import customs clearance, and last-mile supply.
Hangzhou-based Cainiao additionally plans to pick out companions for its international fulfilment warehouse community to assist abroad warehouse administration, which incorporates storage and stock administration; high quality inspection; choosing and packing. It additionally seeks to seek out companions for its international consolidation warehouse community for consolidation of B2C parcels.
By way of the partnership, the agency goals to bolster sources to “deliver greater stability and efficiency” to assist cross-border e-commerce companies for each Alibaba, which operates platforms like Taobao, Tmall, and Kaola; in addition to non-Alibaba retailers.
Within the B2B space, Cainiao will strengthen its warehouse and trucking community to assist companies’ import and export wants.
Within the assertion, the agency stated that these abroad warehouses have to be situated close to ports to facilitate environment friendly transportation and be capable to present companies for pre-stocking, storage, and to function a container freight station (CFS).
Companions supporting the trucking community will even need to be well-equipped with sources, similar to lorries and container vehicles, to deal with transportation of products between warehouses and ports.