BABA-W (09988.HK) +3.300 (+2.933%) Short selling $1.44B; Ratio 15.026% (BABA.US) 's logistics flagship, Cainiao Group, announced that the Cainiao Hong Kong Supply Chain Center is officially opened to global brands and local Hong Kong merchants, providing integrated services such as global transshipment, cross-border B2B and B2C warehouse distribution, so as to be able to support regular goods like fast-moving consumer goods, 3C electronics and food, as well as special items like magnetic and electric products.The above center is located within the Cainiao Smart Gateway, which is only 10 minutes away from the Hong Kong International Airport, according to introduction. Over 30% of flights are operated in cooperation with Cainiao, and within a 4-hour flight, it can reach key Asia-Pacific cities such as Seoul, Tokyo, Singapore and Bangkok.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)Related NewsUBS Cuts MEITUAN-W's TP to HKD172, Expects RMB25B Investment in Food Delivery Biz This Yr