Cainiao and JD.com see double-digit growth
Revenues for Cainiao and JD.com jump 26%, 11.4% YoY, respectively
Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group, saw revenues increase in its second quarter ending Sept. 30 as it expands both its domestic and international consumer logistics operations. Cainiao saw revenue before inter-segment elimination grow 26% year over year to 18.28 billion Chinese Yuan (US $2.57 billion), 73% of which was […]
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