cainiao
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Alibaba's Logistics Arm Cainiao Gears Up for Hong Kong IPO
Alibaba Group, the Chinese e-commerce behemoth, has unveiled plans to list its logistics subsidiary, Cainiao, on the Hong Kong Stock Exchange. This announcement, as detailed in a regulatory filing on Tuesday, marks a significant step in what is being termed as one of the most transformative restructurings in Alibaba's storied history. Alibaba Group, the Chinese e-commerce behemoth, has unveiled plans to list its logistics subsidiary, Cainiao, on the Hong Kong Stock Exchange. This announcement, as detailed in a regulatory filing on Tuesday, marks a significant step in what is being termed as one of the most transformative restructurings in Alibaba's storied history. -
Fosun International To Sell Stake In Cainiao To Alibaba For $1.3 Billion
Fosun is set to sell its 6.7 percent stake in logistics firm Cainiao, which it bought for $70 million in 2013, to Alibaba Group Holding for $1.3 billion. Fosun is set to sell its 6.7 percent stake in logistics firm Cainiao, which it bought for $70 million in 2013, to Alibaba Group Holding for $1.3 billion. -
US Companies Show Similar Investment Strategies With Chinese Tech Firms
Alibaba and Tencent have been engaging in large investment acquisitions of stakes in the tech industry both in their own infrastructure departments and other firms. Alibaba and Tencent have been engaging in large investment acquisitions of stakes in the tech industry both in their own infrastructure departments and other firms. -
US, Europe Not Digitally Mature On The Same Level As China, Review Claims
Information technology remedied the lack of access to supply of merchants in China and alleviated its economic slowdown. Information technology remedied the lack of access to supply of merchants in China and alleviated its economic slowdown.