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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...
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.
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.
- Simon Sharwood
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...
Alibaba plans to seek a Hong Kong listing for its fast-growing Cainiao logistics arm. The business grew 34% in the June quarter, is profitable and on a good growth trajectory.
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.
People also ask
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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.
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