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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.
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
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.
Mar 26, 2024 · Alibaba Group Holding Ltd. called off an initial public offering for its Cainiao logistics arm in Hong Kong, shelving a $1 billion -plus deal in a surprise move that underscores its new...
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May 8, 2023 · It co-founded Cainiao in 2013 with partners including department store owner Intime Group, conglomerate Fosun Group and a handful of logistic firms. Alibaba took control of Cainiao four years...
