What did Jack Ma’s rookie do to raise tens of billions of dollars and be valued at 50 billion?

Jack Ma is the chairman and has positioned it as one of the three most important strategic business layouts in addition to Taobao e-commerce and Ant Financial. Most of Cainiao's products serve the B-side and are relatively unknown to the outside world. So what products have been supporting Cainiao in the past two years?

On March 14, Cainiao Network announced the introduction of new strategic investors, including the Government of Singapore Investment Corporation (GIC), Temasek Holdings (Temasek), Malaysian Treasury Holdings Bhd (Khazanah), Primavera Capital and many other well-known domestic and foreign investment institutions.

Cainiao Network is a big data logistics collaboration platform under Alibaba. It was established in May 2013. At that time, Cainiao Network had a registered capital of 5 billion yuan and planned to invest 100 billion yuan in the first phase and 100 billion yuan in the second phase. Investment of 200 billion yuan. The financing announced today is Cainiao Network’s first round of external financing since its establishment in 2013. The specific amount is unknown. According to media reports and industry insiders, Cainiao Network’s financing amount may exceed 10 billion yuan, with a valuation of nearly 50 billion yuan.