Alibaba (BABA -1.16%) recently announced an agreement to invest $807 million to increase its ownership of Cainiao Smart Logistics Network Limited, its logistics affiliate. That move will bring Alibaba's ownership to 51%, and that's just the beginning: The company will also invest $15.2 billion over the next five years to bolster its worldwide logistics network to accomplish its goal of fulfilling e-commerce orders within 24 hours in China, and within 72 hours globally.
Both customers and investors stand to benefit from this move that will make Alibaba's business "stickier."
Investing in the supply chain to meet demand
An Alibaba-led consortium established Cainiao Network Technology Co. in 2013 to push the envelope within the Chinese logistics industry and get goods to their destination more quickly. Cainiao represented the next generation of logistics in the Middle Kingdom, focusing on an innovative platform that linked e-commerce buyers and sellers with multiple end-to-end options.
Alibaba operates Taobao Marketplace, China's largest mobile commerce location, and Tmall, China's largest third-party platform for brand names and merchants. Combined, they netted $547 billion in gross merchandise volume in the 12 months ended March 31, 2017. The company also owns AliExpress, its worldwide retail marketplace, with approximately 60 million annual active buyers as of March 31, 2017, purchasing directly from producers and suppliers in China. And last but not least, there's Alibaba.com, China's biggest global online wholesale marketplace.
In short, Alibaba is a big operation, and guaranteeing the timely delivery of millions of orders is no easy task. The company's size, combined with the relentless march of complexity in the global economy, makes this move not only a smart investment but also a necessary one.