Alibaba Group Holding Ltd (BABA) stock is trading lower despite positive developments in its logistics arm Cainiao and Cloud segment. Cainiao is launching a service in the U.S. to consolidate multiple purchases into a single package, reducing delivery times to five days. The service targets Chinese consumers and students in the U.S. and offers reduced delivery times and costs. Cainiao's expansion to the U.S. is part of its strategy to capture the international market, having managed over 1.5 billion cross-border e-commerce parcel deliveries last year. Additionally, Alibaba's DingTalk has launched an updated workplace collaboration app with an AI agent function. Despite these developments, Alibaba stock lost over 37% last year, underperforming the SPDR S&P 500 ETF (SPY), which gained over 21%. BABA shares traded lower by 0.94% at $71.35 in premarket trading on Wednesday.