Cainiao, Alibaba Group Holding Ltd's logistics offshoot, has pledged to lower significantly China's logistics cost by offering data-enabled smart solutions to handle the rapidly rising number of parcels driven by the country's booming online shopping demand.

Zhejiang Cainiao Supply Chain Management Co said on Monday that its long-term vision is to lower the proportion of logistics expenditures in the country's GDP from the current 16 percent to 5 percent.

Tong Wenhong, Cainiao's chief executive officer, said the vision to lower China's logistic cost is in line with her company's roadmap in the next 10 years.

Source: China daily.com