Alibaba Group Holding Limited BABA is leaving no stone unturned to bolster presence in the retail sector with robust delivery networks.The company plans to increase stake in a China-based courier firm, YTO Express Group, per reports.The company already owns about 10% stake in YTO. Reportedly, it now plans to increase that stake up to 30%.YTO is China's third-largest express delivery firm, with a 14% market share in 2019. It already works with Alibaba’s logistics arm Cainiao.This increse in stake is likely to strengthen Alibaba’s e-commerce business. Additionally, it will benefit China’s logistic industry and the rapidly growing retail sector.Alibaba Group Holding Limited Price and Consensus Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited QuoteExpress Delivery Industry GrowthExpress delivery refers to fast delivery of goods to customers through railway, road or air transport within 24-72 hours.Express delivery facilities are used by different industries such as electronics and electrical, textile and clothing, automotive and transport, manufacturing, pharmaceuticals, financial services and e-commerce, along with individual customers for their personal work.Per data from the State Post Bureau, China-based delivery firms handled a total of 63 billion parcels in 2019, up 24% year over year, while their revenues grew 23% year over year to 745 billion yuan ($104.95 billion).Major players operating in the China express delivery market include ZTO Express, YTO Express, Best Inc., STO Express and SF Express.The increase in stake in YTO Express will enable Alibaba to expand presence in China's fast-growing express delivery industry. In addition, this will likely help the company in bolstering the ‘New Retail’ strategy that focuses on integration of online e-commerce and offline retail by leveraging the comfort of e-commerce, along with advantages of mom & pop shops. This will also improve customer engagement and build an efficient retail ecosystem. Moreover, it will help Alibaba gain momentum in the retail and e-commerce market of China.Notably, an improved delivery network bodes well for New Retail’s increasing demand for faster delivery and logistics services.Focus on LogisticsAlibaba is pushing deeper into the logistics sector on account of improvement of delivery services. The move will reinforce its footprint in the logistics industry.The company already has stakes in other large couriers, namely STO Express, ZTO, Yunda Holding Co Ltd and Best Inc.All these endeavors will help the company build a more advanced delivery and logistics network to meet the growing demand in the retail and e-commerce sector of China.According to a report from Forrester, the online retail market in China is anticipated to reach $1.8 trillion within 2022, driven by growing mobile use.This in turn is likely to boost the competitive position of Alibaba against its biggest rival in China, JD.com JD, which is also spending heavily on logistics.Zacks Rank & Other Stocks to ConsiderCurrently, Alibaba carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader technology sector include Dropbox DBX and Lam Research Corporation LRCX, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Long-term earnings growth rate of Dropbox and Lam Research is pegged at 34.4% and 15.4%, respectively.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lam Research Corporation (LRCX): Free Stock Analysis Report JD.com, Inc. (JD): Free Stock Analysis Report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Dropbox, Inc. (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research