Search results
64% stake
- Alibaba currently owns a 64% stake in Cainiao. It says it intends to invest up to $3.75 billion to acquire the remaining 36% from minority investors and employees with vested equity.
People also ask
Is Cainiao a subsidiary of Alibaba?
Is Cainiao still a shareholder?
Will Alibaba spin off Cainiao?
Will Alibaba sell Cainiao shares?
Is Cainiao a unicorn company?
What happened to Cainiao smart logistics network?
Established in 2013, Cainiao is dedicated to meeting Alibaba Group’s logistics vision of fulfilling consumer orders within 24 hours in China and within 72 hours anywhere else in the world.
On March 26, 2024, Alibaba, which holds approximately 64% of Cainiao’s shares, said it would acquire the remaining 36% of Cainiao’s shares. [2] As of May 2018, Cainiao was one of the largest unicorn companies in China, valued at 100 billion yuan.
Founded in 2013, Cainiao was incubated within Alibaba’s e-commerce ecosystem and has built a smart logistics network with end-to-end capabilities on a global scale. It is a leading player in China’s logistics industry and a global leader in cross-border e-commerce logistics.
Sep 26, 2023 · Cainiao will remain a subsidiary of Alibaba. Founded in 2013, Cainiao operates a global logistics network and provides delivery services for Alibaba and other firms.
In 2023, Cainiao became one of the six business groups under Alibaba Group. Cainiao launched “5-day Global Delivery Service”,a cross-border delivery service product, meanwhile ushering in a new era of high-quality domestic express delivery services.
Mar 26, 2024 · (Reuters) -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...
May 17, 2020 · Alibaba Group has agreed to make an additional investment of $807mn to increase its ownership of Cainiao, the logistics affiliate of Alibaba, to a majority stake of 51%. Alibaba also announced its intention to invest $15.2bn over the next five years to further strengthen its global logistics network that aims to realise its mission of ...
