Cainiao Wanlin's full staff response to listing: accelerating capacity building and building a globally leading digital logistics group

On May 19th, it was reported that yesterday evening, as Cainiao launched its IPO plan and its 10th anniversary approached, CEO Wan Lin of Cainiao Group sent a letter to all employees, hoping that all Cainiao employees would accelerate their capacity building, embark on a new entrepreneurial journey, and strive to become a leading global comprehensive digital logistics group in the next decade.On the same day, Alibaba Holdings Group released its financial report, stating that Cainiao will launch an exploratory listing, which is expected to be completed within the next 12 to 18 months

On May 19th, it was reported that yesterday evening, as Cainiao launched its IPO plan and its 10th anniversary approached, CEO Wan Lin of Cainiao Group sent a letter to all employees, hoping that all Cainiao employees would accelerate their capacity building, embark on a new entrepreneurial journey, and strive to become a leading global comprehensive digital logistics group in the next decade.

On the same day, Alibaba Holdings Group released its financial report, stating that Cainiao will launch an exploratory listing, which is expected to be completed within the next 12 to 18 months.

On the tenth anniversary of Cainiao, Wan Lin stated: "Over the past decade, rookies have integrated idealism and long-term philosophy, adhered to the two legs of the Internet plus industry, and promoted the digitalization of China's express delivery. The electronic face bill has enabled each package to have a digital identity card; it has solidly built a global service capability, allowing international express delivery to the world at the price of a cup of coffee; we have solidly built domestic warehouse distribution capacity, and 1212 half day delivery and the next day delivery have been launched successively, with the price of inclusive services leading the service points Layer; Cainiao Station covers both urban and rural areas, creating industry-leading door-to-door delivery and collection services... Behind the value creation is the continuously strengthened five major chassis capabilities of domestic logistics, international logistics, urban-rural end, logistics technology, and global ground network

Wan Lin stated in a letter from all employees of Cainiao that in the eyes of the outside world, starting the preparation for listing is a happy thing. But for beginners, this means greater responsibility and responsibility. I hope all novice students can remain calm and determined, return to their original aspirations, embark on a new entrepreneurial journey, and clearly propose three requirements: adhering to customer first, accelerating capacity building, and maintaining entrepreneurial spirit. He emphasized that the new stage will be a new starting point for Cainiao to practice serving customers and society. In the past decade, we have worked hard. In the next decade, we will work even harder

Adhering to Long-term Doctrine and Starting a New Entrepreneurship Journey

Dear rookie students

Let me share with you a news that Alibaba Holdings Group has just released its latest financial report. In order to further support the high-quality development of Cainiao, with the approval of the Alibaba Board of Directors and the new Cainiao Board of Directors, we will start the exploration and listing process.

We just moved into the new headquarters park last month, and next week we will celebrate the tenth anniversary of Cainiao. At the beginning of the new fiscal year, new progress has been continuous.

Taking this opportunity, I would like to express my gratitude to all the customers who trust Cainiao. I would like to express my gratitude to Alibaba Brothers' business classmates such as Taobao Tmall, Tmall Supermarket, Tmall International, AliExpress, and Tmall Overseas. I would also like to express my gratitude to our global logistics partners and thank you for your willingness to accompany Cainiao's growth; Thank you to all novice students. Over the past decade, we have gone deeper and more steadily in logistics industrialization, globalization, and digital intelligence. Behind this is the struggle and efforts of countless novice students.

Over the past decade, newcomers have integrated idealism and long-term philosophy, adhered to the two legs of Internet plus industry, and promoted the digitalization of China's express delivery. The electronic face sheet has enabled each package to have a digital identity card; We have solidly built a global service capability, allowing international express delivery to reach the world at the price of a cup of coffee; We have solidly built our domestic warehouse and distribution capabilities, with 1212 half day delivery and the next day delivery being launched one after another, with inclusive pricing leading service stratification; Cainiao Station covers both urban and rural areas, creating industry-leading door-to-door delivery and collection services... Behind the value creation is the continuously strengthened five major chassis capabilities of domestic logistics, international logistics, urban-rural end, logistics technology, and global ground network.

In the eyes of the outside world, launching the preparation for listing is a joyful thing. But for beginners, this means greater responsibility and responsibility. We will face more expectations from society and customers, be more transparent in facing the public and the market, and also share the progress and gains of newcomers with more people. The process of a company going public is also influenced by multiple factors and there are various possibilities, but what we remain unchanged is the creation of customer value.

Standing at a new point in time, I hope all rookie students will remain calm and determined, return to their original aspirations, and embark on a new entrepreneurial journey:

Dear students, the new stage will be a new starting point for Cainiao to practice serving customers and society. Over the past decade, we have worked very hard. In the next decade, we will work harder. Facing the future, we are always rookies and need to work harder than others.

Let us adhere to the spirit of the Four Forces and "uphold the heart of a novice and surpass the aspirations of a swan". Within ten years, Cainiao will become a globally leading comprehensive digital logistics group, a respected and good company. I believe and look forward to this.

Wan Lin

CEO of Cainiao Group

May 18, 2023