Latest news with #Cainiao
Zawya
20-05-2025
- Business
- Zawya
Qatar Airways Cargo transports over 1.5mln tonnes of air freight in 2024-25
Doha, Qatar: Qatar Airways Cargo transported over 1.5 million tonnes in the financial year April 1, 2024 – March 1, 2025 making it the largest freight carrier with 7.11% market share. Over the past 12 months, it has solidified position as the world's leading air cargo carrier, Qatar Airways Group said in its annual report for 2024/25, released yesterday. Investments in fleet expansion and network enhancements enabled new freighter services to Abu Dhabi and Sharjah in the UAE, Vienna, Austria, Kuala Lumpur, Malaysia and London Heathrow, UK. In Asia, frequencies were added to Hong Kong and China. The cargo carrier operated 2019 charters, including MotoGP, for which Qatar Airways Cargo is the Official Cargo Airline, and Formula 1, for which Qatar Airways is the Global Partner and Official Airline. In 2024, there was a strong focus on partnerships, specifically with MASkargo, the cargo airline and subsidiary of Malaysia Aviation Group, Cainiao, a global leader in e-commerce logistics, Japan Airlines Cargo, Qatar Postal Services Company (Qatar Post) and MotoGP. Meanwhile Qatar Airways Cargo continues to focus on deploying modern digital technology in the cargo industry. The air cargo carrier is driving efficiencies through digital innovation, introducing enhancements to its e-booking portal, expanding its omnichannel offering and introducing digitalisation to many of its processes, thereby driving speed, accuracy and enhancing customer experience, the report noted. Bookings via its Digital Lounge e-booking platform was close to 36% as of 31 March 2025. Qatar Airways Cargo became the first cargo carrier to allow interline partners to book capacity online. For an improved e-booking experience, Octoloop by Cargo Flash was introduced as its digital cargo booking platform via its wallet services to a total of 10 India destinations. Partnership with UNISYS, through its Cargo Portal Service platform, extends e-booking capabilities to new and existing customers, enabling freight forwarders to better access the airline's extensive network. The cargo carrier became the first airline to go live with CARGOSTACK Optimiser, the AI-driven Revenue Management suite of Wiremind Cargo, a member of Cargo Tech. The 2024-25 financial year saw the launch of new products such as, AirPlus Solutions - Q-Climate, Q-Plus and Q-Prime services to elevate customer shipments; Aerospace – A tailor-made solution for the aviation, defence and space technology sectors; and TechLift – A solution for semiconductor products, supporting electronics, high tech, AI, communications, satellites and automotive industries. Also, Qatar Airways Cargo inaugurated its state-of-the-art Animal Centre at the Doha hub, which is the largest single-carrier facility in the world. The 5,260 sqm fully temperature-controlled facility is equipped with many cutting-edge features including - Kennel Capacity: 140 dog kennels and 40 cat kennels; Horse Stables: 24 stables distributed in 4 zones with separate airflows for proper segregation; manned by trained veterinary staff 24/7. As a part of its WeQare initiative, in 2024 Qatar Airways Cargo renewed its existing sponsorship with UNHCR, the UN Refugee Agency, to support free shipment of up to 400 tonnes of relief items to the most vulnerable refugees and displaced people worldwide. Through its WeQare 'Rewild the Planet' initiative, the cargo carrier transported 67 shipments equalling 23, 500 kilograms, supporting organisations such as United for Wildlife and Animal Defenders International. Special cases included 47 ring-tailed and brown lemurs, 155 radiated tortoises, 757 spider tortoises and seven lions. Qatar Airways Cargo is the world's largest international air cargo carrier, delivering quality air freight solutions and connecting businesses to more than 70 freighter and 170 belly-hold destinations. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Nikkei Asia
09-05-2025
- Business
- Nikkei Asia
Alibaba moves toward synergy not spin-offs as Jack Ma returns
HONG KONG -- Alibaba Group has taken a number of concrete steps to integrate its operations in the latest sign that the Chinese tech giant is ditching a major restructuring plan announced in 2023 and instead focusing on an AI-centered revamp, Nikkei Asia has learned. On Thursday night, the Hangzhou-based company removed all restrictions on internal website access between business units, which previously prevented staff from accessing posts under any business unit except their own. The company also started to replace staff ID cards labeled with specific unit names, like its logistic arm "Cainiao," with unified "Alibaba" cards, multiple employees told Nikkei.
Globe and Mail
07-05-2025
- Business
- Globe and Mail
This Unlikely Company Is the Top-Rated AI Stock to Buy in May 2025
Alibaba (BABA) is an e-commerce and technology infrastructure provider. The company performs through seven segments: China Commerce, International Commerce, Cloud, Digital Media and Entertainment, Cainiao, Local Consumer Services, and Innovation Initiatives. Among other things, it provides merchants and small business owners a platform on which to market and sell their products. Alibaba's stock has had its ups and downs this year. Although the stock has gained nearly 50% in the year to date, it is still 15% below its 52-week high due to tensions between the U.S. and China related to tariffs. In a 52-week timeframe, the stock has gained more than 55%. Alibaba's Strong Quarterly Performance Alibaba reported strong fourth-quarter results. The company reported a profit of $2.93 per share against the market's $2.66-per-share estimate. The company generated $38.38 billion in revenue, also outpacing analysts' $38.1 billion estimate. Alibaba's recent results show strong core business growth. Its China Commerce Sector grew 5% year-over-year, the Cloud Intelligence Sector grew 13%, the International Digital Commerce Group had a significant 32% growth, while the Digital Media sector reported 8% growth. Only Cainiao, its logistics segment, reported a fall of 1%, citing restructuring costs. During the quarter, the company had an operating margin of 15%, better than the 9% reported in the same quarter last year. Adjusted EBITDA came at $8.50 billion, registering a 4% rise year-over-year. Alibaba held cash and equivalents of $22.3 billion as of Dec. 31. Alibaba Is a Top AI Pick Based on analysts tracked by Alibaba is a top AI pick. This is thanks to its 'Strong Buy' consensus rating and analyst score of 5 out of 5. Alibaba has been investing heavily in artificial intelligence (AI) with its Qwen3 AI models. The Qwen3 models are able to switch between fast responses and deep analytical thinking by using hybrid reasoning. This makes the models highly adaptable for different uses. Alibaba's Qwen3 series includes eight models, starting from 600 million to 235 billion parameters. Currently, these models are available as open source, allowing developers to utilize them. Alibaba's push for AI comes as it looks to compete against DeepSeek, Google (GOOGL), and OpenAI. According to reports, Alibaba's models are performing well in areas such as instruction following, mathematical reasoning, and coding assistance. Alibaba has also integrated cloud computing infrastructure into its AI models, reaffirming its commitment to AI growth. Analyst Takes on BABA Stock Alibaba's solid financial position and AI growth give it plenty of support on Wall Street. Twenty analysts have a unanimous 'Strong Buy' rating and a mean price target of $158.20, reflecting upside potential of 25% from the market price.
South China Morning Post
23-03-2025
- Business
- South China Morning Post
Standard Chartered plans Hong Kong wealth centres to appeal to US$200 bln of ‘new money'
Standard Chartered will open one wealth management centre a year over the next five years in Hong Kong as part of its global strategy to grow its wealth business and also tap small and medium-sized enterprises (SMEs) in the Greater Bay Area, according to a senior executive. Advertisement 'We are focused on opening more wealth management centres to serve the affluent population in the area and improve the service quality to sustain the strong business performance,' Stephen Man Wai-shing, head of wealth and retail banking at Standard Chartered Hong Kong, said at the launch of the bank's fifth such centre last week in the tourist hotspot of Tsim Sha Tsui. The centre provides banking services for affluent local, cross-border and international clients. The next outlet would be in Central, complementing the existing one at Exchange Square, with a soft launch towards the end of this year, Man said. Future facilities in locations such as Causeway Bay were also being considered, he added. The robust growth in services for affluent clients drove Standard Chartered's profit up 21 per cent in 2024, prompting group CEO Bill Winters to set an ambitious goal of attracting US$200 billion of wealth-management business worldwide from newly affluent people in the next five years. 10:39 Exclusive: Standard Chartered's Bill Winters shares his plans to expand in Hong Kong Exclusive: Standard Chartered's Bill Winters shares his plans to expand in Hong Kong Another growth area for the bank in Hong Kong is mainland SMEs with a focus on imports. Standard Chartered recently started working with Cainiao, a Chinese e-commerce logistics provider and Alibaba Group Holding affiliate, to streamline lending processes for SMEs based on transaction data. Alibaba owns the Post. Advertisement Data from Cainiao would help the bank 'quicken and enlarge credit approvals' as part of its efforts to support SME development and transformation, Man said.
