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BABA-W's Cainiao, CHINA LIFE Co-Establish Warehousing & Logistics Investment Fund with Scale Exceeding RMB1.7B
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BABA-W (09988.HK) logistics flagship Cainiao announced a deepened strategic collaboration with CHINA LIFE (02628.HK) to co-establish a warehousing and logistics investment fund. The fund will focus on investing in high-standard warehousing and logistics infrastructure in key cities of the Yangtze River Delta and the middle reaches of the Yangtze River, aiming to create an intelligent, eco-friendly, and efficient modern logistics node network. The total asset scale of the fund investment exceeds RMB1.7 billion, with participation from STO (002468.SZ), AIA, and Manulife-Sinochem, as co-investors. AASTOCKS Financial News Website: www.aastocks.com |
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