Alibaba inks deal with US Postal Service as China's e-commerce juggernaut sticks to global expansion script amid domestic slowdown
PUBLISHED : Wednesday, 16 September, 2015, 6:00pm
UPDATED : Wednesday, 16 September, 2015, 6:10pm
Chairman and chief executive of Alibaba Group has been on a buying spree this year, as the group expands further in sport, entertainment and a range of fields. Ma has also overseen the setting-up of online stores on his Tmall shopping platform for European football powerhouses like Real Madrid. Photo: Sam Tsang
Cainiao, the logistics arm of Chinese internet titan Alibaba Group, is teaming up with the United States Postal Service (USPS) to develop new international shipping solutions that will help expand e-commerce services between China and the Americas.
In a memorandum of understanding announced on Wednesday, Cainiao and USPS agreed to collaborate on speeding up the delivery of merchandise bought by consumers across North and South America from AliExpress, the global online shopping platform of Alibaba.
"As cross-border e-commerce grows rapidly, it is critical that we evolve shipping services to the next level, with shorter delivery times and easier methods to track a shipment," Cainiao vice-president Wan Lin said.
A customer shops at an Alibaba rural service centre in Jinjia Village, Tonglu, Zhejiang province. The company has been making moves to expand both overseas and deeper into the Chinese hinterlands by targeting rural areas. Photo: Reuters
"Today’s announcement is a key part of Alibaba’s globalisation strategy, and our vision to enable consumers around the world to enjoy the convenience and benefits of e-commerce."
Alibaba had earlier forged cooperation agreements with Singapore Post and the Spanish postal service.
In cross-border e-commerce, online shoppers purchase goods directly from overseas merchants and manufacturers who ship their orders straight to consumers’ homes.
The global business-to-consumer, cross-border e-commerce market is forecast to reach US$1 trillion in 2020, up from US$230 billion last year, according to data from professional consulting firm Accenture and AliResearch, the research unit of Alibaba.
National carrier USPS, which has more than 600,000 employees, delivered more than 155 billion pieces of mail last year and generated nearly US$68 billion in revenue.
In a memorandum of understanding announced on Wednesday, Cainiao and USPS agreed to collaborate on speeding up the delivery of merchandise bought by consumers across North and South America from AliExpress, the global online shopping platform of Alibaba.
"As cross-border e-commerce grows rapidly, it is critical that we evolve shipping services to the next level, with shorter delivery times and easier methods to track a shipment," Cainiao vice-president Wan Lin said.
A customer shops at an Alibaba rural service centre in Jinjia Village, Tonglu, Zhejiang province. The company has been making moves to expand both overseas and deeper into the Chinese hinterlands by targeting rural areas. Photo: Reuters"Today’s announcement is a key part of Alibaba’s globalisation strategy, and our vision to enable consumers around the world to enjoy the convenience and benefits of e-commerce."
Alibaba had earlier forged cooperation agreements with Singapore Post and the Spanish postal service.
In cross-border e-commerce, online shoppers purchase goods directly from overseas merchants and manufacturers who ship their orders straight to consumers’ homes.
The global business-to-consumer, cross-border e-commerce market is forecast to reach US$1 trillion in 2020, up from US$230 billion last year, according to data from professional consulting firm Accenture and AliResearch, the research unit of Alibaba.
National carrier USPS, which has more than 600,000 employees, delivered more than 155 billion pieces of mail last year and generated nearly US$68 billion in revenue.
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