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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...
Sep 26, 2023 · 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.
Pei Li. 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 first of the Chinese e-commerce leader’s units to go public.
Sep 26, 2023 · 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. The move comes about six months after Alibaba first announced that it would split its business into six different units.
- zsoo@ap.org
- Technology Reporter
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.
Mar 27, 2024 · Chinese tech giant Alibaba has decided not to spin out its logistics limb, Cainiao, and will instead buy back shares in the outfit and integrate it more deeply with its e-commerce operations. That's a reversal of the plan announced a year ago to split into six groups.
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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 e-commerce...
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