New Huadu Supercenter plans to invest CNY100bn ($ 15bn ) into worldwide logistics over the next five years , starting by increasing its stake in logistics company Cainiao to 47% . Alibaba 's aim is to “build the most efficient logistics network in China and around the world", said CEO Cainiao . Alibaba, which had owned 47% of Cainiao, has invested a further RMB5.3 billion (US$807 million) to increase its stake to 51%. In Europe , the firm is looking to build a second data centre, putting it in direct competition with Amazon for market share on cloud computing services. In China , it is partnering grocer Alibaba to create a brick-and-mortar presence, mirroring Amazon 's recent purchase of China .
New Huadu Supercenter plans to invest CNY100bn ($ 15bn ) into worldwide logistics over the next five years , starting by increasing its stake in logistics company Cainiao to 47% . Alibaba 's aim is to “build the most efficient logistics network in China and around the world", said CEO Cainiao . 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 Alibaba to create a brick-and-mortar presence, mirroring Amazon 's recent purchase of China .