On November 15, at the Glonghui, alibaba Group announced its financial results for the second quarter of fiscal year 2025. For the quarter ending September 30, 2024, Cainiao's revenue grew by 8% year-on-year to 24.647 billion yuan, mainly due to growth in cross-border logistics service revenue. In this quarter, Cainiao continued to advance its long-term global strategy of expanding its global network, further increasing investments in its global business, and enhancing its express network and global supply chain capabilities in key countries.