Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Tesla Says Any Data It Collects in China Is Stored in the Nation
Medtech Startup StoneWise Raises $100 Million to Promote Use of AI in Drug Development
Plus Accelerates Uptake of its Autonomous Truck Tech with Italian IVECO Deal
Trending in China: Farmer Given Suspended Jail Time For Felling Own Trees – Social Media Chimes In
‘Tickets Please!’ Baidu Allowed to Charge for Robobus Service in Chongqing
Didi Reportedly Looking to List in U.S. as Soon as July
China’s NEV Sales Balloon in First Quarter on Strong Demand from Individual Consumers
Honor of Kings Beats PUBG Mobile as World’s Highest-Earning Mobile Game in March
Didi to Expand New Logistics Service From 8 to 19 Cities in China
China’s Li Auto Raises $750 Million Through Bond Sale to Fund Electric Car Development
Plant-Based Food Firm Beyond Meat to Open Plant Based in China
iFlyTek Hopes to Cash in on Pandemic Driven Demand for AI Services and Devices
Joint Alibaba and Russian Online Retailer AliExpress Plans IPO as Early as 2022: Report
Trending in China: ‘Easy to Buy, Hard to Redeem’ – Airline Pandemic Related Coupons Under Fire
Tesla Counters Spying Concerns Saying Car Cameras Not Activated Outside North America
Reinventing In-Car CB Radio or Cutting-Edge Tech? Clubhouse-Like Features Built into Xpeng Cars
Smart Projector and Laser TV Startup Xgimi Predicts Big Profits
Trending in China: Speculators or Trading Apps — Who’s to Blame for $7,000 Sneakers?
Nio and Xpeng Both Set Quarterly Records But Still Lag Behind Tesla
Call of Duty Mobile Developer Outplays Games Publisher as Timi Studio Earns More Than Activision Blizzard
Alibaba’s Chinese Delivery Arm Is Back at Pre-Outbreak Levels

By Bloomberg / Mar 11, 2020 04:35 AM / Business & Tech

Boxes with Quick Response codes sit on display in a booth for Cainiao Smart Logistics Network. Photo: Bloomberg

Boxes with Quick Response codes sit on display in a booth for Cainiao Smart Logistics Network. Photo: Bloomberg

Alibaba Group Holding Ltd.’s parcel and meal delivery arms have returned to pre-coronavirus outbreak staffing levels as China’s largest corporations get back to work after Beijing’s entreaty to safeguard economic growth.

Cainiao, of which Alibaba owns more than 60%, is again at full strength after a few weeks during which the epidemic disrupted transport and held up shipments. Meal delivery unit Ele.me and grocery chain Freshippo are also back at full strength and operating at “full capabilities,” an Alibaba spokeswoman said.

That recovery underscores how the world’s No. 2 economy is slowly getting up to speed after the Covid-19 epidemic confined millions to their homes and paralyzed roads and rail nationwide. Cainiao, the company at the heart of Alibaba’s e-commerce business, oversees a network of millions of delivery people who can handle upwards of 1 billion packages daily at their peak.

Last week, Alibaba rival JD.com Inc. forecast at least 10% revenue growth this quarter, suggesting online retailing in China was proving more resilient to the coronavirus epidemic than expected.


Share this article
Open WeChat and scan the QR code