Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

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Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Capital Markets

Cainiao Smart Logistics Network / Equity Capital Markets

Cainiao Smart Logistics Network (1437124D HK)

<ul>
<li>Within <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">Alibaba (ADR) (BABA US)</a>'s June quarter results, the numbers from logistics arm <a href="https://www.smartkarma.com/entities/cainiao-smart-logistics-network-ltd" target="_blank" data-smartkarma-citation="entities:36859:1" rel="noopener">Cainiao Smart Logistics (1437124D HK)</a> stood out: revenue up 34% Y/Y, &amp; EBITA turned to +ive</li>
<li>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</li>
<li>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</li>
</ul>


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, &amp; 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


With A Long-Anticipated IPO on the Horizon, Alibaba's Cainiao Posts Stellar June Quarter Results