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64% stake
- 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 · Alibaba Group has proposed to purchase all outstanding shares of Cainiao Smart Logistics Network Limited while concurrently withdrawing its IPO and listing application, the company announced on Tuesday.
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...
Mar 26, 2024 · Alibaba Group Holding Limited (“Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.
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.
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 ...
Cainiao-Alibaba Group. Smart logistics network. Established in 2013, Cainiao is dedicated to meeting Alibaba Group’s logistics vision of fulfilling consumer orders within 24 hours in China and within 72 hours anywhere else in the world.
Mar 26, 2024 · Alibaba Group Holding Ltd said on Tuesday night that its logistics unit, Cainiao Smart Logistics Network, had withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.
