Chinese tech and e-commerce giant Alibaba Group announced its financial results for the quarter ended December 31, 2021. Its revenue in the period reached 242.58 billion yuan ($38 billion), a year-on-year increase of 10%.
Alibaba Group released a new wave of internal promotions, involving a total of 37 people. The list contains all middle and senior managers promoted to the internal classifications of "P10" (Senior Director), "M6" (Vice President) and "M7" (Senior Vice President).
On Thursday, at Alibaba's Investor Day 2021, Wan Lin, CEO of Cainiao Network, said that Cainiao has continuously invested in global logistics infrastructure over the last eight years.
Chinese internet and e-commerce giant Alibaba Group on Thursday announced its financial results for the fiscal quarter ended September 30, 2021.
Alibaba’s annual ‘Double 11’ promotional period centered around November 11 is the undisputed king of e-commerce shopping festivals.
Alibaba's logistics platform Cainiao together with DAMO Academy announced that a total of 350 unmanned delivery vehicles have been put into operation in more than 200 universities in more than 70 cities across the country.
The update of Air China Cargo shows that the firm's registered capital has roared by 44.93%, while Zhejiang Cainiao Supply Chain Management is now serving as one of the new shareholders.
Alibaba Group on Tuesday announced its financial results for the second quarter of this year. The company shows confidence in its long-term prospects by increasing its share repurchase program from $10 billion to $15 billion.
Today, BEST Inc., cooperated with Cainiao, launched its full-chain, direct logistics service to ship parcels from China to Thailand, Vietnam and Cambodia.
China’s tech giant Alibaba Group (NYSE: BABA and HKEX: 9988) today announced its long-waiting financial results for the quarter ended Dec. 31, 2020.
Cainiao Smart Logistics Network announced a partnership with BEST Inc. on Wednesday to launch an end-to-end logistics service between Malaysia and China to shorten delivery time for cross-border e-commerce parcels.
On May 31 at the 2018 Global Smart Logistics Summit hosted by Cainiao Network Technology Co., Ltd., the logistics affiliate of Alibaba Group Holding Limited showcased its new technologies and unveiled plans to expand its global network by opening five new hubs around the world.
ZTO Express (Cayman) Inc., a leading Chinese express delivery company, announced on Tuesday May 29th that it will receive a strategic investment of US$1.38 billion from Alibaba Group Holding Limited and its logistic arm Cainiao Network Technology Co., Ltd. , while giving the investors 10% of the equity in return.