CRC set to extend work with Alibaba

Railway operator says it welcomes further input from e-commerce giant

China Railway Corp, the world's biggest railway operator by rail length, said it hopes to deepen its existing business relationship with e-commerce giant Alibaba Group Holding Ltd in pushing forward its mixed ownership reform.

General Manager Lu Dongfu said CRC is promoting the asset-backed securitization and equity financing of the railways sector and welcomed Alibaba's participation, without providing further details.