Alibaba calls off Cainiao IPO, looks into $3.8b investment for full ownership
Cainiao’s smart warehouse in China / Photo credit: Cainiao
Alibaba Group is dropping the Hong Kong IPO for Cainiao, its logistics subsidiary, South China Morning Post reported.
The news comes a few months after the Chinese tech giant shelved IPO plans for another subsidiary, grocery arm Freshippo.
……Read full article on Tech in Asia
Business
One-stop lifestyle app dedicated to making life in Singapore a breeze!
English
简体中文
Comments
Leave a comment in Nestia App