Alibaba plans to invest more ( $ 500 ) into worldwide logistics over the next five years , starting by increasing its stake in logistics company Cainiao to 51 % . Alibaba 's aim is to “ build the most efficient logistics infrastructure in China and around the world " , said CEO Daniel Zhang . In Europe , the firm is planning to build a second data center , putting it in direct competition with Amazon for market share on cloud computing services . In China , it is partnering grocer New World Supercenter to create a brick - and - mortar presence , following Amazon 's recent purchase of Wholefoods .
Alibaba plans to invest CNY100bn ($15bn) into worldwide logistics over the next five years, starting by increasing its stake in logistics company Cainiao to 51%. Alibaba's aim is to “build the most efficient logistics network in China and around the world", said CEO Daniel Zhang. In Europe, the firm is looking to build a second data centre, putting it in direct competition with Amazon for market share on cloud computing services. In China, it is partnering grocer New Huadu Supercenter to create a brick-and-mortar presence, mirroring Amazon's recent purchase of Wholefoods.