Cainiao said that it plans to establish a series of specialized category warehouses in Europe, including large-item warehouses, according to Chinese media. Currently, the battery product specialized warehouse in Mannheim, Germany, has commenced operations and is now fully equipped to meet the needs of various Chinese products entering the global market.Related News Jefferies Lowers TP for Meitu (01357.HK) to HKD7, Maintains 'Buy' RatingThe Cainiao battery specialized warehouse can support the accelerated export of new foreign trade items from China, such as energy storage batteries and high-power electrical products. The new warehouse is located just about an hour's drive from the transportation hub of Frankfurt, enabling merchants to quickly connect markets across Germany.
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