Alibaba to acquire remaining stake in Cainiao for up to $3.75 billion; shelves IPO plan
In a surprising move, Chinese e-commerce behemoth Alibaba Group Holding has called off its plans for an initial public offering (IPO) of its logistics arm, Cainiao Smart Logistics Network. Instead, the company is opting to acquire the remaining 36% stake
The post Alibaba to acquire remaining stake in Cainiao for up to $3.75 billion; shelves IPO plan first appeared on Tech Startups.
In a surprising move, Chinese e-commerce behemoth Alibaba Group Holding has called off its plans for an initial public offering (IPO) of its logistics arm, Cainiao Smart Logistics Network. Instead, the company is opting to acquire the remaining 36% stake […]
The post Alibaba to acquire remaining stake in Cainiao for up to $3.75 billion; shelves IPO plan first appeared on Tech Startups.