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- HONG KONG (AP) — Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions.
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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 · After completion of the Offer, Alibaba Group plans to align Cainiao’s business to better realize strategic synergies with Taobao and Tmall Group and Alibaba International Digital Commerce...
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or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.
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 ...
Sep 26, 2023 · The Hong Kong exchange confirmed that the company can proceed with its proposed Cainiao spinoff and IPO, according to another filing Tuesday.
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...
Alibaba said Tuesday that it was withdrawing its initial public offering and listing application, and instead proposes purchasing all outstanding shares of Cainiao Smart Logistics Network.
