(Yicai Global) Nov. 21 -- Zhejiang Cainiao Supply Chain Management Co., a logistics subsidiary of e-commerce giant Alibaba Group Holding Ltd. [NYSE:BABA], has awarded a CNY14.80 million (USD2.23 million) contract to Guangzhou Jiacheng International Logistics Co. [SHA:603535] for the provision of bonded warehouse services from September this year to August 2018, the firm said in a press briefing yesterday.

The location of the bonded warehousing services is Longxuedao Bonded Logistics Park in Guangzhou, capital of southern China's Guangdong province.

The listed company believes that the cooperation will not only have a positive impact on its revenue and net profit in 2017 and 2018, but also help enhance its brand awareness.