Faster delivery times, more local sellers and efficiency benefits within the Alibaba group ensure happy customers at AliExpress, but also darker red numbers.
Alibaba Group’s overseas digital retail sales increased in the third quarter by 35 percent to $3.7 billion. In concrete terms, these are the labels AliExpress and Trendyol, the Turkish label.
This promise to deliver quickly, made visible to customers with the Choice ‘certificate’, will give turnover a strong boost in the third quarter of 2024.
Due to this sharp focus on logistics, AliExpress customers receive their packages much faster. However, this also has a significant impact on the result. The logistics investments increase the loss (Ebita) eightfold to 414 million euros.
AliExpress, and the other international marketplaces of Alibaba Group, now deliver more than seventy percent of orders within five days of ordering. This is due to closer cooperation with sister company Cainiao, an international logistics group.
Alibaba Group’s cloud activities rose seven percent to $4.2 billion in the third quarter. In that sense, cloud is bigger than AliExpress. Bottom line, this branch is also doing much better than the foreign marketplaces. Cloud doubled its profit to $379 million.
Source: www.emerce.nl
