According to news on September 26, following Alibaba’s announcement that it planned to spin off Cainiao for listing, information on the website of the Hong Kong Stock Exchange showed that Cainiao had officially submitted a listing application to the Hong Kong Stock Exchange, becoming the first business group to officially enter the IPO process after Alibaba’s “1+6+N”. The prospectus shows that with its unique "e-commerce and technology" genes, Cainiao has redefined the standards of the logistics industry through continuous innovation and has achieved industry leadership in multiple business areas.

In terms of international logistics, Cainiao shipped more than 1.5 billion cross-border e-commerce packages in fiscal year 2023 and served more than 100,000 merchants and brands engaged in cross-border trade. It ranks first in the world in China's export e-commerce logistics and import e-commerce logistics. The disruptive solution launched by Cainiao has shortened the common logistics time between China and major countries around the world from 30 to 60 days to 10 days or even less. Domestically, Cainiao is a leading e-commerce logistics service provider. More than half of the top 50 fast-moving consumer goods brands in the world have long-term cooperation with Cainiao. At the same time, Cainiao is China's largest reverse logistics service provider and operates the world's largest Cainiao Station network - processing more than 80 million packages per day.

The prospectus also shows that Cainiao has transformed from an initial technology platform into a global smart logistics network, directly building and operating a number of key facilities in strategic locations, including 2 comprehensive e-commerce logistics hubs (e-Hubs), more than 1,100 warehouses with a total area of ​​approximately 16.5 million square meters, and more than 380 logistics distribution centers and 170,000 stations around the world. Among them, the warehouse area directly used for cross-border logistics reaches about 3 million square meters, ranking first in the world.

In terms of financial capabilities, Cainiao's total revenue in fiscal year 2023 is 77.8 billion yuan, with a compound growth rate of 21% in the past three years. Cainiao's profitability also continues to increase, with adjusted EBITDA exceeding RMB 2.8 billion in fiscal year 2023.

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