SHANGHAI – Chinese e-commerce giant Alibaba announced on Monday the creation of a foundation dedicated to promoting green logistics to help preserve the environment in China.
The foundation will initially invest 300 million yuan ($43.5 million) in research to promote environmental protection in logistics, consumption, and supply, the company said in a statement.
Among other things, the research will focus on innovation in ecological packaging, promoting the adoption of clean energy by delivery vehicles and the use of big data in logistics to optimize resources.
The Cainiao Green Alliance Foundation has been jointly set up by Cainiao Network, Alibaba Foundation, China Environmental Protection Foundation and six logistics companies in China.
“Cainiao Network, as the largest big-data logistics platform, and Alibaba Group, holding the largest e-commerce ecosystem in China, have a responsibility to take the lead,” Cainiao’s CEO Judy Tong said.
“This effort can only be achieved by joining hands with other partners in the industry as well as contribution from the entire ecosystem that includes the government, logistics companies, merchants and customers,” she added.