CJ Logistics and Cainiao sign MoU

South Korean company CJ Logistics and Alibaba’s logistics affiliate Cainiao have signed a strategic MoU. CJ Logistics will now be Cainiao’s official logistics partnership in South Korea.

Reports from South Korea have it that the two firms held the launching ceremony of the Global Fulfilment Centre for Cainiao as the first step of their partnership.

“The opening of the Global Fulfillment Center, which leverages Cainiao’s technology, will be a meaningful extension to our global logistics network which will better facilitate cross-border trade for Korean merchants and bring quality goods to Chinese consumers in a timely fashion,” Guan Xiaodong, general manager of Cainiao Global, was quoted as saying.

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