In today’s briefing:
- With A Long-Anticipated IPO on the Horizon, Alibaba’s Cainiao Posts Stellar June Quarter Results
With A Long-Anticipated IPO on the Horizon, Alibaba’s Cainiao Posts Stellar June Quarter Results
- Within Alibaba (ADR) (BABA US)‘s June quarter results, the numbers from logistics arm Cainiao Smart Logistics (1437124D HK) stood out: revenue up 34% Y/Y, & EBITA turned to +ive
- In this insight we attempt to place Cainiao’s stellar results into context: it grew far faster than parent Alibaba’s revenue, but also faster than Chinese e-comm and Chinese express
- As Cainiao preps for its IPO, its June results should boost investors’ confidence. The numbers also hint at what is driving Cainiao’s recent performance, and which indicators to watch
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