Cainiao banking on cutting-edge tech for breakthroughs in logistics

From robotic arms to unmanned drones, China is rewriting the rules of its multi-trillion-yuan logistics industry through digital makeovers.

Cainiao Network Technology, the nation's top courier aggregator, has pledged to create 50 billion yuan ($7.24 billion) in value for the country's logistics industry over the next three years, banking on technologies from the internet of things to artificial intelligence.

Speaking at the 2019 Global Smart Logistics Summit in Hangzhou, Cainiao President Wan Lin said the company aims to connect 100 million smart devices with partnering couriers to digitalize and accelerate the entire delivery process.