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Top News In Cainiao Network Technology Today - Breaking & Trending Today

Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership

Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit. ....

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Alibaba Group Says Logistics Subsidiary Cainiao Withdraws IPO And Listing Application On HKEX

Alibaba Group Says Logistics Subsidiary Cainiao Withdraws IPO And Listing Application On HKEX
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Alibaba Group (NYSE:BABA) Stock Price Down 0.1%

Alibaba Group Holding Limited (NYSE:BABA – Get Free Report)’s stock price traded down 0.1% during trading on Tuesday . The stock traded as low as $71.09 and last traded at $71.37. 4,241,187 shares traded hands during trading, a decline of 78% from the average session volume of 19,249,910 shares. The stock had previously closed at […] ....

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Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce

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. 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. Alibaba currently holds a stake of 64% in the logistics unit, and the buyout offer will allow minority shareholders to sell their shares to Alibaba. ....

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Alibaba offers to buy remaining 36% stake in Cainiao

Alibaba is offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an IPO of the logistics business in HK. ....

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