Cainiao is aligning with SF Express.

Author | Huang Yu Editor | Zhou Zhiyu A year ago, Cainiao, who was planning to go public on the Hong Kong Stock Exchange, launched its self-operated express delivery business, Cainiao Express. A year has passed, and although the listing plan has long been shelved, Cainiao Express has been expanding vigorously and accelerating its penetration into SF's territory. Cainiao Express has now set its sights on the same-city distribution business. On July 11, Cainiao Express announced the launch of same-city express delivery service in Guangzhou, offering same-day delivery within the city. This is the first time Cainiao Express has formally launched same-city distribution services. Prior to this, there were rumors in the industry that Cainiao Express planned to expand into the same-city distribution business, and would focus on services such as same-day delivery and same-city delivery within half a day.

wallstreetcnJul 11 04:41 ET

Brokerages such as CICC and CITIC comment on 618: e-commerce returns to the shelves, and Taobao's GMV growth may exceed expectations.

Recently, many brokerages such as CICC, CITIC, CEB and Shenwan have released 618 research reports, stating that this year's 618 Taobao and Tmall, as well as other comprehensive e-commerce platforms, have achieved significant growth. Under the background of "user first" becoming the industry consensus, the platform has improved its service level and user experience, effectively driving e-commerce transactions back to the shelves. Meanwhile, content-driven e-commerce such as live streaming has slowed down significantly. Previously, Analysys released the "2024 618 Observation Report", pointing out that this year's 618 e-commerce transaction growth rate has significantly increased due to factors such as the cancellation of pre-sales, simplification of rules, and adjustment of selling cycles. The comprehensive e-commerce market for large caps during the entire 618 cycle (including Taobao, Tmall, JD.com, etc.) has also seen significant growth.

Gelonghui FinanceJul 11 02:42 ET

Express News | Olympian and Four-Time Nba Champion Tony Parker Named as Face of Alibaba.com's Olympic Games Paris 2024 Campaign

ReutersJul 10 05:06 ET

UBS Group: Maintains a "buy" rating for Alibaba-SW (09988), with a target price of HKD 103.

According to the research report released by UBS Group, it maintains a 'buy' rating on Alibaba-SW(09988) and describes its business development as progressing in the right direction, and results can gradually be seen as GMV growth improves. Target price remains at HKD 103. The bank predicts that Alibaba's Q1 revenue by the end of June this year will increase by 6% YoY to RMB 248 billion for the fiscal year of 2025, and adjusted EBITA is expected to drop by 14% YoY to RMB 39.3 billion. Taobao's total GMV is expected to grow by 10% YoY under high base customer management.

Zhitong FinanceJul 10 02:30 ET

Alibaba Using Gen AI Tools to Help Foreign Merchants - Report

Alibaba's (NYSE:BABA) international e-commerce unit is using generative AI-backed tools to help foreign merchants with translation, content creation and product returns, Reuters reported, citing group vice president Kaifu Zhang.

Seeking AlphaJul 9 11:32 ET

Express News | Reuters Next - Alibaba's Zhang Says Money Made From AI Justifies the Investment Into the Technology

ReutersJul 9 05:36 ET