Cainiao weaving global smart logistics network

Cainiao Network Technology Co Ltd, the logistics arm of e-commerce giant Alibaba Group Holding Ltd, has trained its sights on international delivery of goods through overseas warehouses and international freight.

According to estimates from eMarketer, with cross-border e-commerce - both exports and imports - projected to hit $157.7 billion in 2020, the logistics expert is following surging demand for high-quality foreign products.

Cainiao's latest efforts include leading a $1.5 billion investment to build a logistics center at Hong Kong International Airport in June.