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Alibaba plans to withdraw Cainiao's Hong Kong listing application. Currently, the IPO cannot highlight Cainiao's intrinsic value
Alibaba (09988.HK) further adjusted its original restructuring strategy and decided to withdraw the Hong Kong IPO application of Cainiao Smart Logistics Network, a logistics subsidiary.
Cainiao integrated two key businesses, and the IPO preparation period reached the “last 100 meters”
Cainiao's two major terminal logistics service platforms, Cainiao Inn and Cainiao Village, have recently completed the merger. After the merger, the head of the new department was Xiong Jian (Chinese name Ma Liu), the former head of Cainiao Village.
Rekindle the money-making effect? Inventory and outlook of Hong Kong stock IPOs
Along with expectations of valuation restoration, market sentiment is expected to gradually pick up, and new share purchases may become popular again.
Major Courier Players Expand Overseas Footprint, Ramp up Logistics Efficiency
Major domestic courier companies have expanded their global footprint and increased logistics efficiencies this year, as they seek growth opportunities beyond the Chinese market.
Express News | Cainiao's IPO is steadily advancing, and the Securities Regulatory Commission announces supplementary material requirements for Cainiao's overseas listing
Ali takes action! Is Baishi Group going to be privatized?
On November 6, Baishi Group, a provider of smart supply chain solutions and logistics services in China, issued an announcement stating that the board of directors has received an initial non-binding offer from a buyer consortium composed of Alibaba, Cainiao Network, and company founder Zhou Shaoning to acquire all issued common shares.
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