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EQS Newswire / 09/04/2024 / 11:30 CET/CEST HONG KONG SAR - Media OutReach Newswire - 9 April 2024 - Kerry Logistics Network Limited ('Kerry...
EQS Newswire / 26/03/2024 / 11:45 CET/CEST HONG KONG SAR - Media OutReach Newswire - 26 March 2024 - Kerry Logistics Network Limited ('Kerr...
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.
Dublin, March 11, 2024 (GLOBE NEWSWIRE) -- The
Unveiling the Financial and Strategic Landscape Post Farfetch Acquisition