Cainiao reports revenue growth of 27% YoY
Company grew its ops in Latin America, Europe in Q3
Cainiao’s third-quarter revenue increased 27% from 2021, according to the earnings report from February 24. Alibaba’s logistics arm brought in $2.4 billion in Q3 revenue after intersegment elimination. BY THE NUMBERS: Cainiao attributed revenue growth to expanding its global smart logistics network and an increase in revenue from domestic consumer logistics services in the earnings […]
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