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- 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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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...
- Alibaba will spin off its logistics arm Cainiao in an IPO in ...
The company currently owns nearly a 70% stake in Cainiao,...
- Alibaba will spin off its logistics arm Cainiao in an IPO in ...
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.
Feb 26, 2024 · Market Cap. $236B. Today's Change. (-1.01%) -$1.00. Current Price. $97.70. Price as of October 31, 2024, 2:04 p.m. ET. Alibaba has separated itself into independent business units, and...
Sep 26, 2023 · Alibaba said Tuesday that it would spin off Cainiao, its logistics arm, in what will be the conglomerate’s first initial public offering since it announced a sweeping revamp of its business ...
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 · 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.
Feb 7, 2024 · Alibaba puts IPO for its logistics arm Cainiao on hold. Chair Joe Tsai blames market conditions for the decision while quarterly sales figures fall short of expectations. Alibaba added $25bn to...