With world provide chains disrupted by the health crisis, the app said it would open a particular channel for factories to pivot from exporting merchandise to selling to domestic customers as a substitute. Through this initiative, factories would be capable of take pleasure in benefits corresponding to waived platform fees, free training programs and subsidies to drive down costs for consumers. Alibaba’s logistics arm Cainiao on Thursday mentioned it might lower logistics costs for retailers by RMB1 billion in the coming 12 months as part of Alibaba’s Spring Thunder Initiative to support SMEs. This includes offering transportation at cheaper charges and slicing logistics fees for orders processed in bonded warehouses by 15%. Cainiao stated it'll additionally proceed offering free bonded warehouse storage providers till June and waive warehouse rental costs in cities together with Fuzhou, Chongqing, Zhengzhou and Yiwu.
