Alibaba Affiliate Cainiao Attracts GIC, Temasek as Investors

  • Chinese delivery service Cainiao raises funds for expansion
  • Cainiao envisions daily delivery ability of 200 million

Alibaba Group Holding Ltd.’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013.

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