Alibaba plans logistics center at Istanbul airport

2023-01-09T12:58:00+00:00

Chinese e-commerce giant Alibaba Group Holding Ltd will invest more than $1 billion in Turkey to build a logistics center at Istanbul Airport and a data center near the Turkish capital of Ankara, Michael Evans, president of Alibaba Group since 2015, told Sabah newspaper last Sunday. Alibaba is seeking to expand into Turkey because the country has strong manufacturing capacities that could support e-commerce and become part of Alibaba’s supply chain in Europe and the Middle East. The expansion of commerce and cloud-based units is expected to boost the company’s revenues.

Topics

Trending Categories

News briefs
Alibaba Group boosts sustainability efforts with membership of WBCSD

2023-12-02T08:02:00Z

Alibaba Group, the ecosystem with over a billion users and a platform for millions of small businesses, has joined over 200 of the world’s leading sustainable businesses and is now a member of the World Business Council for Sustainable Development (WBCSD). “Alibaba’s position as the largest e-commerce and digital technology ...
Article
Freight rates are falling but so are orders

2023-08-10T10:58:00Z By SGI Europe Editorial Team

Freight rates for sea freight containers from the Far East have fallen to a stable low level, but retailers are placing fewer orders with their suppliers than in the previous year. This is according to supply chain experts at Setlog, a software company based in Bochum, Germany, who carried out ...
News briefs
Alibaba partners with CommerceHub to support European expansion

2023-08-10T06:03:00Z

Miravia, a Spanish marketplace that is part of Chinese group Alibaba, is partnering with CommerceHub, a commerce network with headquarters in Latham, New York. The partnership involves integrating CommerceHub’s e-commerce platform with Miravia’s operations. CommerceHub connects more than 40,000 retailers and brands globally, transacts around $50 billion in gross merchandise ...