26 March 2024

Filing: Alibaba calls off a Hong Kong IPO for its Cainiao logistics arm, and now plans to buy out all remaining stock held by investors and employees for $3.75B (Pei Li/Bloomberg)

Pei Li / Bloomberg:
Filing: Alibaba calls off a Hong Kong IPO for its Cainiao logistics arm, and now plans to buy out all remaining stock held by investors and employees for $3.75B  —  - The company is raising capital through other avenues now  — The move follows the surprise retreat from a cloud arm listing

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