Ma Yun: To reduce the logistics cost to GDP below 5%

At present, China's logistics costs are still relatively high, and the logistics cost should be reduced to less than 5% of GDP, in order to create huge profit margins for the manufacturing industry. “Alibaba Chairman Ma Yun said at the 2018 Global Smart Logistics Summit hosted by the Rookie Network. Ma Yun pointed out that “although in recent years, China’s logistics efficiency has gradually increased, and the logistics industry’s GDP share has dropped from 20% to 15%. Left and right, but compared with 11% in developed countries, China's logistics efficiency still has room for improvement. "China is a big manufacturing country. The logistics industry must not only develop itself, but also become the profit of the manufacturing industry. "Ma Yun believes that "if there is no improvement in the efficiency of modern logistics, there will be no new retail or new manufacturing. In addition, Alibaba's investment in new business has been quite large recently. According to data from market research firm Dealogic, Alibaba's recent investment reached US$35 billion since 2018, making it the eleventh active trader in the world. Even ahead of well-known private equity investment companies such as Blackstone and Carlyle. In response to the outside world's question of excessive investment, Ma Yun responded at the summit, "In fact, the investment of more than 30 billion US dollars is just beginning. The reason why Alibaba will make large-scale foreign investment is to have confidence in the country and confidence in the future. “Investment is about having confidence in yourself, but not investing blindly.”

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