Cainiao, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA), says it won’t slow down operations during the Chinese New Year for shipments destined to Hong Kong.
Cainiao said Tuesday it will spend $645,000 to keep logistics facilities open during the Feb. 12-26 holiday to help businesses in mainland China and Hong Kong to continue sales and deliveries during the traditional Lunar New Year shutdown and prevent shipping delays for consumers in Hong Kong.
Hong Kong is the first...