Technology
Mar 26, 2024, 1:10 PM
Mar 26, 2024, 11:37 AM
Associated PressABC NewsCNBC

The planned IPO of the logistics unit has been scrapped as it doubles down on e- commerce

Alibaba Group Chinese multinational technology company Cainiao package delivery service in China
ABC News
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Source
Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce

Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce. Alibaba Group Holding says it had scrapped plans to list its logistics unit Cainiao in Hong Kong. Alibaba looks to prioritize growing its e-mailing business while facing challenging IPO market conditions.

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

Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce. Alibaba Group Holding says it had scrapped plans to list its logistics unit Cainiao in Hong Kong. Alibaba looks to prioritize growing its e-mailing business while facing challenging IPO market conditions.

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

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. Alibaba: "I will be taking full ownership of the company's logistics unit" Alibaba says it is canceling the proposed IPO of Cainiao.

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