GIC, Temasek invest in Alibaba affiliate Cainiao

Cainiao Network, a fast-growing logistics affiliate of Alibaba, has completed its maiden round of fundraising. According to one report, it raised some $1.5 billion.

Julie Zhu

March 14, 2016

Cainiao Network, a three-year-old logistics affiliate of Alibaba Group, has completed its maiden round of fundraising, drawing contributions from heavyweight Singapore investors GIC and Temasek amongst others, the company said in an e-mailed statement on Monday.

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