Alibaba withdraws Cainiao IPO, plans to purchase remaining stake for up to $3.75 billion

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Alibaba announced on Tuesday that it is canceling the planned Hong Kong IPO for its logistic arm Cainiao in an unexpected move, with chairman Joe Tsai saying it’s an “appropriate time to double down” on the e-commerce’s giant investment in its logistics unit. Alibaba also plans to buy Caniao stock that it does not currently[…[…
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作者 gocpmall