Cainiao Group, the logistics arm of BABA-W (09988.HK) -1.100 (-1.036%) Short selling $1.26B; Ratio 11.309% (BABA.US) , announced that it has officially begun trialing its self-developed "smart light strip" technology at five self-pickup points in Hong Kong to enhance service quality.The smart light strip technology is an innovative device designed for warehouse item location. Each parcel is equipped with a keychain-sized smart box featuring a QR code, barcode, internal chip, and LED light. When a customer comes to collect a parcel, staff can enter the pickup code and the corresponding parcel will automatically light up and emit sound signals, helping employees quickly and accurately locate it.Related NewsJPM Expects MSCI China Index to Have Upside Potential in 2H, Stays Overweight on Communication Services/ Discretionary/ Healthcare/ Materials SectorsThis technology is expected to axe the time spent searching for parcels compared to traditional methods.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)