News Snapshot:
By Yifan Wang Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., will partner with New York-listed logistics-solutions provider BEST Inc. to launch a delivery service connecting China and Malaysia. The action comes as Chinese tech giants face increasing hurdles to expand in the American market amid U.S.-China tensions. The partnership, covering customs clearance, sea freight forwarding, overseas warehousing and last-mile delivery, will shorten delivery time for cross-border parcels between China and Malaysia, the companies said in a joint statement Wednesday. "The establishment of a direct Malaysia-China e-commerce logistics service is continued affirmation of our investment into...
