Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan (2 billion pound) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay ...

Alibaba's latest move comes a year and a half after it took a 14.65% stake here in another large express delivery firm, STO Express Co Ltd <002468.SZ>, in a 4.66 billion yuan deal.

Contacts Alibaba Group Rachel Chan, +852 9400 0979 rachelchan@hk.alibaba-inc.com Teresa Li, +852 9138 5120 teresali@hk.alibaba-inc.com ...

Key Points Alibaba's empire goes far beyond China via units like Lazada, Alibaba Express, and Trendyol. The company's cross-border e-commerce business is showing promising prospects.

Alibaba’s logistics arm, Cainiao, on Wednesday launched a new express delivery service that will put it in a position to compete directly with delivery companies such as JD Logistics and SF Express.