Search

Cainiao posts double digit revenue growth but IPO withdrawal hits bottom line

Cainiao trucks at a logistics centre

Alibaba Group’s Cainiao Smart Logistics subsidiary increased its revenues by 30% in the fourth quarter, with cross-border business driving growth, but the firm’s IPO withdrawal in March hit its bottom line resulting in earnings plunging by a huge -321%.

Do You Want to Read More?

or

© 2025 CEP Research copyright all rights reserved.