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- Alibaba announced on Tuesday its decision to forego the initial public offering (IPO) of its logistics arm, Cainiao, in Hong Kong. Instead, the e-commerce giant disclosed its intention to acquire the remaining 36% stake in Cainiao, which it does not already own, for up to $3.75 billion.
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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 ...
Mar 26, 2024 · Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics ...
Mar 26, 2024 · At the same time, Alibaba Group plans to offer to minority shareholders of Cainiao (including employees) an opportunity to sell all of the outstanding shares of Cainiao held by them to Alibaba...
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or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.
Mar 26, 2024 · Alibaba Group Holding Limited announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong...
Sep 26, 2023 · HONG KONG (AP) — Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong, making it...
Alibaba will invest up to $3.75 billion to acquire outstanding shares from Cainiao minority investors and employees; 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.