In line with Alibaba’s vision of a 24 hr local delivery and 72 hr global delivery, Cainiao Network will invest $1.5 billion on a new logistics hub at Hong Kong International Airport.
Hong Kong is not the only location that is part of that vision. Cainiao Network’s RMB 100 billion logistic hubs investment will extend over several cities, Dubai, Hanzhou, Kuala Lumpur, Liege and Moscow.
The new Hong Kong logistic hub will feature smart technology warehousing as unveiled during last month Global Smart Logistics Summit in Hangzhou. This includes, Internet of Things applications, big data, edge computing, artificial intelligence, auto-temperature and humidity, real time monitoring on storage capacities, automated guided vehicles(AGV).
The hub is expected to process over 10 million packages and an additional 1.7 million tons of cargo per year from Hong Kong airport. It would be operational by 2023.
Commentary by Maverick Chung