Global Leader! Average daily cross-border parcels of Cainiao exceeds 5 million for the whole year

On May 23, the Alibaba Group released FY2024 report. In international logistics, Cainiao's average daily cross-border parcel volume has exceeded 5 million pieces in fiscal year 2024, which ended by March 31. The scale has exceeded the current global head of logistics enterprises, reflecting the leading advantage of the new generation of global intelligent logistics network built by Cainiao.

Cainiao's strategic investment in globalized logistics network plays an important part in its sound operations and strong growth. in FY2024, Cainiao's revenue of RMB 99.02 billion increased by 28% year-on-year, a growth rate that led the logistics industry, with the growth mainly stemming from the cross-border business.