Cainiao reports progress in last mile and cross-border fulfilment

Last mile service provider, Cainiao Network, continues to improve the efficiency of its partners and China's logistics industry via data technology and infrastructure investments.

Parent company, Alibaba Group, said in its June quarter 2020 results that Cainiao Post is seeing robust adoption by third party logistics players to optimise their last mile delivery.

In June 2020, Cainiao Post recorded over 100 per cent year-on-year growth in average daily package volume.

The Covid-19 pandemic, according to Alibaba, has caused significant disruptions to import/export of goods by foreign businesses and organisations with operations in China.

During the June quarter, Cainiao Post reportedly enabled these businesses to use its dedicated worldwide warehouse network and Smart Customs Clearance System.

In April 2020, the United Nations World Food Programme chose Cainiao Network to provide commercial hub, customs declaration and cross-border transportation services as part of its Covid-19 response.

Revenue from Cainiao Network’s logistics services, which represents revenue from its domestic and international one-stop-shop logistics services and supply chain management solutions, after elimination of inter-company transactions, was 7,713 million RMB ($1,092 million USD) in the quarter ended 30 June 2020, an increase of 54 per cent compared to 5,005 million RMB in the same quarter of 2019, primarily due to the increases in both average revenue per order and volume of orders fulfilled from our fast growing cross-border and international commerce retail businesses.

In other news, a Chinese festival is championing young entrepreneurs.

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