An Inside Look at Alibaba’s Logistics Business
In fiscal 3Q18 (December quarter), Alibaba (BABA) received $600 million in revenues from Cainiao Network, a logistics services firm in which Alibaba owns a controlling stake. The Cainiao revenues represented 5.0% of Alibaba’s overall revenues for the quarter. Alibaba’s overall revenues rose 56% YoY (year-over-year) in fiscal 3Q18, and the company said that Cainiao was instrumental in driving that growth.