May 14thPokervideogamespcAlibaba Group announced its results for the fourth quarter and the whole year of fiscal year 2024. According to the financial report, the revenue of the rookie single quarter from January to March in 2024 increased by 30% year-on-year to 245.Pokervideogamespc.57 billion yuan. Cross-border e-commerce logistics has always been a leading advantage and strong growth driver for Cainiao. In fiscal year 2024, Cainiao benefited from revenue growth brought about by cross-border express delivery compliance services. Cainiao's revenue reached 99.02 billion yuan, an increase of 28% over the same period last year in 2023.
Behind the strong growth is a global network that rookies continue to build. In the past year, Cainiao has focused on the business development of global express delivery, global supply chain and integrated logistics technology, and has firmly increased its strategic investment in logistics to the global market. it has become a leading logistics network serving global customers and has been widely recognized by the market.
In the field of cross-border express delivery, Cainiao continues to work closely with Express Express. This quarter, Cainiao expanded its worry-free priority logistics to Mexico, Poland, Italy and Portugal, covering a total of 14 countries. and expand the scope of application from platform full-hosting merchants to full-managed and semi-managed merchants.
In addition, Cainiao also teamed up with Express Express to open more cross-border warehouses in the industrial belts of Qingdao, Chengdu and Tianjin, and launched cross-border logistics lines for overseas brands, super-large pieces and clothing, and provided cross-border sales and brand merchants with services such as multi-platform delivery and door-to-door collection, so as to further expand Cainiao's leading position in the cross-border logistics market.
In the field of overseas local express delivery, Cainiao's local delivery volume in Europe, such as Spain and France, has increased significantly in the past year. In Spain, for example, the volume of packages in Cordoba, Granada and Toledo has increased by an average of 86% in the past nine months. Rookies have set up new distribution stations in these three cities this quarter. So far, the number of Cainiao's local self-distribution stations in Spain has increased to 19.
In the field of express delivery in China, Cainiao self-operated express "Cainiao Express" accelerated the construction of "standard express" products in this quarter, and focused on creating delivery solutions for spring tea, books and other characteristic business. It has become the logistics partner of Xihu Longjing Tea's core producing area and the third National Reading Conference.
In the field of global supply chain, Cainiao continues to create one-stop and differentiated solutions for global customers based on different vertical industries. Take the large home decoration industry as an example, Cainiao's distribution speed, commodity damage rate, courier service satisfaction and other key indicators continue to lead. This quarter, Cainiao launched overseas warehouse exclusive solutions for large export items such as household furniture, auto parts and sports equipment, and launched domestic offline furniture home stores, offering value-added services such as sending the new and replacing the old, full-time customer service, and so on. Further upgrade the "dry assembly" large parts logistics capability.
This quarter, Cainiao officially entered the US container market, offering two major products by air and sea, which can be delivered as soon as 5 days after delivery from the warehouse.
The rookie post digital solution continues to enhance the user experience this quarter. Recently, the rookie post station launched the standard of closing at 24:00 at night, and tried to get digital intelligence equipment to take the place of the stationmaster through night pickup in more than 100 cities across the country, so as to extend the business hours of the site and meet the pick-up needs of "late returnees".
In the future, on the one hand, Cainiao will work closely with Taotian Group and International Digital Business Group to improve service experience; on the other hand, it will continue to invest in the construction of global and digital logistics network to enhance global competitiveness and serve more global customers.
The financial report shows that Cainiao further increased overseas and local logistics investment this quarter, reflecting Cainiao's determination and confidence in the future logistics strategic construction.