All Cainiao articles
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News briefsAlibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per share, ...
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ArticleAlibaba misses revenue forecast
China’s Alibaba Group reported that its revenue had missed the forecasts for its Q4. The company is struggling to attract new users as the Chinese e-commerce market matures and new competitors chip away at market share. Alibaba posted revenue of 208.2 billion yuan renminbi (€27.5bn) in the three months ended ...
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ArticleESG Report 2022: Alibaba reduces carbon footprint by 620,000 tons using renewable energy
Alibaba Group announced that it has saved 619,944 metric tons of carbon dioxide equivalents over the past 12 months by using clean energy sources to achieve its goal of carbon neutrality. That savings is equivalent to the amount of carbon dioxide generated by 12,915 U.S. households in a year, according ...
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ArticleAliExpress sees global growth in demand for ski equipment thanks to Beijing Games
Retail News Asia has released new sales data from AliExpress, the online retail platform founded in 2010 and part of the Alibaba Group that enables small businesses in China and other countries to offer international products to online shoppers. The data shows growing demand for winter sports products, which AliExpress ...
