Alibaba's Cainiao, COSCO Shipping lead $264m round in China's Worldwide Logistics

Alibaba's Cainiao, COSCO Shipping lead $264m round in China's Worldwide Logistics

Photo by CHUTTERSNAP on Unsplash

Worldwide Logistics Group, a Chinese cross-border logistics platform, has pocketed 1.7 billion yuan ($264.2 million) in a new funding round jointly led by Alibaba Group’s Cainiao and marine transportation firm COSCO Shipping.