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Sep 26, 2023 · Alibaba will continue to be a majority shareholder in Cainiao, holding over 50% of the company and retaining it as a subsidiary. The company currently owns nearly a 70% stake in Cainiao, Alibaba’s main delivery arm that handles logistics and parcels for merchants both in China and abroad.
- zsoo@ap.org
- Technology Reporter
Feb 26, 2024 · Alibaba has separated itself into independent business units, and investors should get to know this key logistics arm.
Sep 26, 2023 · Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese...
Feb 7, 2024 · Alibaba has put on hold the planned listing of its logistics arm, which bankers had hoped to take to market at a $20bn valuation, blaming market conditions.
Sep 26, 2023 · Alibaba Group said it intends to spin off its logistics arm, Cainiao Smart Logistics Network, through a Hong Kong listing. Hong Kong’s stock exchange has already green-lit the spin-off, which will leave the Hangzhou-based holding company with over 50% of Cainiao. Alibaba owns about 69.54% of Cainiao as of Tuesday’s announcement.
Sep 26, 2023 · Cainiao will remain a subsidiary of Alibaba. Founded in 2013, Cainiao operates a global logistics network and provides delivery services for Alibaba and other firms.
Sep 26, 2023 · (Bloomberg) -- Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the...
