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Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO planAlibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans f...- Alibaba dumps logistics arm IPO; to buy rest of Cainiao stake for up to $3.8 billionAlibaba's Cainiao withdrew IPO in Hong Kong. Alibaba plans $3.75B stock buyout. Minority shareholders offered $0.62/share sale. Reported by...
- Belgian intelligence service monitors Alibaba hub over 'espionage' worry: reportAlibaba signed an agreement with the Belgium government in 2018 to open an ecommerce trade hub, run by its logistics arm Cainiao, that woul...
- Alibaba will spin off its logistics arm Cainiao in an IPO in Hong KongAlibaba said in a filing that it had submitted a spin-off proposal to the Hong Kong Stock Exchange, and that it has received confirmation t...
- China's Alibaba kicks off restructuring with plan to list logistics arm in Hong KongAlibaba said on Tuesday it had submitted an application to spin off Cainiao Smart Logistics Network to the Hong Kong stock exchange, but th...
- Alibaba’s Cainiao plans to raise at least $1 billion in Hong Kong IPO soonThe company is targeting to raise at least $1 billion in the share sale though it’s still early to decide on the valuation, sources said, a...
- How Alibaba's six main new business units stack upAlibaba Group Holding's former CEO, Daniel Zhang, has unexpectedly left the company's cloud computing unit, raising concerns about its spin...
- How Chinese tech giant Alibaba's six new business units stack upThe e-commerce giant announced in March it will split into six business units, each with its own CEO and board of directors, and adopt a ho...
- Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go publicThe company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business...
- Alibaba logistics arm eyes up to $2 billion Hong Kong IPO: ReportsCainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into ...
- How Alibaba's six new business units stack upAlibaba has long relied on e-commerce as its core business, with smaller divisions in sectors such as cloud computing and entertainment. Th...
- After the split, here's how Alibaba's six new business units stack upThe company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possib...
- Alibaba splits into six units that may pursue individual IPOs“Each business group and company can pursue independent fundraising and IPOs when they are ready,” Zhang said in a statement.
- Alibaba looks to expand its Southeast Asian arm Lazada to EuropeThe move comes months after Alibaba's logistics arm, Cainiao, opened a central hub for European sales in Belgium.
- Alibaba pledges overseas e-commerce focus as its China growth slowsEarlier this month, Alibaba Group Holding Ltd restructured its e-commerce business into separate China and international divisions, with th...
- China self-driving firm DeepRoute raises $300 million from Alibaba, othersDeepRoute.ai, which is testing vehicles in the Chinese cities of Shenzhen and Wuhan, will use the funds to double the fleet of its test rob...
- China’s insatiable demand for luxury goods gets own cargo routeThe luxury goods market in China grew 48% last year as Covid-related travel disruptions boosted domestic spending. The consultancy expects ...
- E-commerce upstart wants its data back from AlibabaPDD’s in-house system now hooks up and shares information, such as unique identifiers for individual products, between merchants, couriers ...
- Alibaba's drones deliver packages to islandsThe drones were jointly developed by Alibaba's delivery arm Cainiao Network, the company's rural shopping platform Rural Taobao, and a dome...
- Alibaba’s delivery service wants backers who don’t mind lossesFounded in 2013 by Alibaba and a small group of initial backers that includes trucking companies, Cainiao underpins the commerce giant’s ex...
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