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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