Alibaba's logistics arm, Cainiao, reported strong operational metrics, including a 32% year-over-year increase in order volume handled by its Global Overseas Warehouses, though analysts are raising concerns about renewed margin pressure due to heavy investment spending.
- The strong growth was driven by the rapid expansion of quick commerce operations.
- Analysts noted that heavy spending on AI, cloud, and quick commerce is outpacing monetization, which may strain cash flow and risk the overall growth strategy.