dhl-ecommerce-cainiao

DHL to buy into Alibaba’s Poland network

DHL eCommerce Solutions, the e-commerce logistics specialist of Deutsche Post DHL Group, has signed an agreement to buy part of the equity of the Polish subsidiary of Cainiao Network, the logistics arm of Asian online retailer Alibaba Group. In the first phase following the transaction, the two companies plan to invest €60 million to install parcel lockers across the country and create one of the country’s largest access point networks. ... [+]