Alibaba Group Announces June Quarter 2021 Results
The revenue of Cainiao Network hit CNY 11.60 billion, with a year-on-year growth of 50%.
According to Alibaba's financial results for the quarter ended June 30, 2021:
- As of June 2021, Cainiao's industrial supply chain had advanced into over 30 manufacturing industrial belts and agricultural origin points in China.
- Through the digital intelligence and optimization of the supply chain, the efficiency of Cainiao's warehouses is expected to increase by another 30% within the year.
- In terms of community services, users are increasingly adopting Cainiao Guoguo, with the number of orders growing 63% year-on-year.
- 60 colleges and universities in China have opened Cainiao's unmanned logistics vehicle services, and its unmanned delivery has reached a high level in technical capability, service quality and application scale.
- By the end of this quarter, Cainiao Post has served 1,000 counties across the country, with more than 30,000 rural joint distribution centers.
- In May 2021, Cainiao launched the East China Optimal Warehouse to help foreign trade enterprises manage export commodities, which can help them save more than 20% on warehouse rent and labor costs.
According to Alibaba's financial results for the quarter ended June 30, 2021:
- As of June 2021, Cainiao's industrial supply chain had advanced into over 30 manufacturing industrial belts and agricultural origin points in China.
- Through the digital intelligence and optimization of the supply chain, the efficiency of Cainiao's warehouses is expected to increase by another 30% within the year.
- In terms of community services, users are increasingly adopting Cainiao Guoguo, with the number of orders growing 63% year-on-year.
- 60 colleges and universities in China have opened Cainiao's unmanned logistics vehicle services, and its unmanned delivery has reached a high level in technical capability, service quality and application scale.
- By the end of this quarter, Cainiao Post has served 1,000 counties across the country, with more than 30,000 rural joint distribution centers.
- In May 2021, Cainiao launched the East China Optimal Warehouse to help foreign trade enterprises manage export commodities, which can help them save more than 20% on warehouse rent and labor costs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.