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- Alibaba holds approximately a 64% stake in Cainiao and intends to invest up to $3.75 billion to acquire the remaining outstanding shares from minority investors and employees with vested equity.
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Mar 26, 2024 · SHANGHAI : Alibaba Group said on Tuesday it was offering to buy the 36 per cent of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering...
May 17, 2020 · Alibaba Group has agreed to make an additional investment of $807mn to increase its ownership of Cainiao, the logistics affiliate of Alibaba, to a majority stake of 51%. Alibaba also announced its intention to invest $15.2bn over the next five years to further strengthen its global logistics network that aims to realise its mission of ...
Mar 28, 2024 · Alibaba announced its Cainiao spin-off as part of broader restructuring that included turning its international e-commerce unit into a standalone business headed by Jiang Fan, previously...
- Casey Hall
Alibaba Group said it was offering to buy the remaining stake of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial... The move is the latest reversal of its massive restructuring plan which had split the company into six units.
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- Reuters
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial...
Feb 7, 2024 · Chair Joe Tsai told analysts in a call on Wednesday that the company’s plans for an initial public offering of Cainiao, its logistics unit, and supermarket chain Freshippo had included a ...
