Cainiao

Cainiao
IndustryLogistics
Founded2013
HeadquartersHangzhou, China
Key people
ParentAlibaba Group
Websitewww.cainiao.com

Cainiao Smart Logistics Network Limited (Chinese: 菜鸟网络科技有限公司), formerly known as China Smart Logistics Network, is a Chinese logistics company launched by Alibaba Group, jointly with eight other companies, on 28 May 2013.[1] On March 26, 2024, Alibaba, which holds approximately 64% of Cainiao's shares, said it would acquire the remaining 36% of Cainiao's shares.[2] As of May 2018, Cainiao was one of the largest unicorn companies in China, valued at 100 billion yuan.[3][4]

Cainiao ensures delivery within 24 hours to any region of China. The company also shares resources with other logistics companies.[5]

  1. ^ "Cainiao". Bloomberg. Retrieved 2018-10-01.
  2. ^ "Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan". Reuters. March 26, 2024.
  3. ^ "China's 12 highest-valued unicorn firms". China Daily. 2018-05-10. Retrieved 2018-10-01.
  4. ^ Liu, Cynthia. "One Platform to Rule Them All: The Brains Behind Cainiao Network (PI)". E Commerce Asia. E COm Asia. Archived from the original on 16 August 2021. Retrieved 17 December 2018.
  5. ^ Han, Yijing; Gan, Jing (2015-09-21). "Application and Influence of Big Data in the Logistics Industry—Take Cainiao Network as an Example". Icte 2015. pp. 2141–2144. doi:10.1061/9780784479384.273. ISBN 9780784479384.

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search