阿里财报：菜鸟年度营收破千亿 国际物流带动增长

Core Insights - Alibaba Group reported its fiscal year 2025 Q4 and full-year performance, with Cainiao's annual revenue reaching 101.27 billion yuan, marking a new phase in global market development [1] - Cainiao's core advantages lie in international logistics and technology, positioning it among the top tier in global cross-border logistics and as a key service provider in the supply chain sector [1] - In the past two years, Cainiao has focused on overseas localization, launching local express services in nearly 10 countries and regions [1] - Cainiao's logistics technology is also expanding into international markets [1]