Shulou(Shulou.com)11/24 Report--

CTOnews.com November 16 news, Alibaba Group released the second quarter of fiscal year 2024 results at the same time, Cainiao Logistics also announced the revenue for that quarter.

According to the data, Cainiao's revenue for the quarter was 22.823 billion yuan, an increase of 25% over the same period last year, while the adjusted EBITA was 906 million yuan.

According to reports, Cainiao's flagship cross-border logistics product, "Global five days", can cover eight countries and regions around the world in that quarter. Officials said that overseas consumers can receive parcels from China within 5 working days after issuing orders from AliExpress Choice. JIT instant delivery business has been expanded to 18 domestic cities, and Cainiao cross-border logistics services cover more than 200 countries and regions.

In addition, Cainiao has added new US local landing resources in major urban areas such as Los Angeles and New York in the North American market, and the time limit for local distribution has been shortened to two days. In Hong Kong, China, it has launched a "second day, late arrival must pay" service, with more than 2.6 million cumulative users.

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Alibaba's revenue in the second quarter of fiscal 2024 was 224.79 billion yuan, compared with 207.18 billion yuan in the same period last year.

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