A Chinese logistics firm majority-owned by Alibaba has opened a warehouse with over 700 robots working in it to deal with the demand from Singles Day, the huge annual shopping festival run by the e-commerce giant.
The company, Cainiao, on Tuesday unveiled what it would be doing to support the shopping festival, which takes place on Nov. 11 and last year raked in over $25 billion in sales.
The logistics firm runs warehouses and works with delivery companies to get packages to customers. It says it uses technology to make the process more efficient and its publicly stated goal is to eventually deliver to anyone in China within 24 hours and internationally in 72 hours.
Automation in its warehouses has become a huge focus for Cainiao, which is 51 percent owned by Alibaba.