Already China's eBay (and then some), Alibaba wants to become the logistics backbone of China's...


Already China's eBay (and then some), Alibaba wants to become the logistics backbone of China's e-commerce industry (worth an estimated $190B in 2012). The company's China Smart Logistics Network (CSN), officially launched today, promises to eventually deliver goods between any two cities in China within 24 hours. Alibaba says it will invest CNY100B ($16.3B) in the network, and expects it to be able to handle CNY30B ($4.9B) in daily transactions when completed in 8-10 years. If CSN proves a success, it could do much to justify the huge valuations being thrown around for Alibaba ahead of an IPO Yahoo (YHOO) investors can't wait to see happen.

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