"Cainiao Network Technology Co., Ltd." was formally established on May 28, 2013, by Alibaba Group, Yintai Group, Fosun Group, Fuchun Group, Sandong Yida (STO, YTO, ZTO, Yunda), and related financial institutions jointly established. "China Intelligent Logistics Backbone Network" (CSN).
"Cainiao" small name big ambition, its goal is to build an open social logistics platform through five to eight years of efforts, in any area of the country can achieve 24-hour delivery. On March 14, 2016, Alibaba's big data logistics platform company Cainiao Network announced that it had completed its first round of financing, with a financing amount of more than 10 billion yuan and a valuation of nearly 50 billion yuan.
Since 2020, Cainiao Logistics and Weidu Logistics have established a deep cooperation relationship to jointly expand the international transportation market
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