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Cainiao

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businessfinance1 year ago

Alibaba Abandons Cainiao IPO, Plans $3.75B Share Purchase Amid Global Expansion

Alibaba Group Holding and its logistics subsidiary, Cainiao Smart Logistics Network, have withdrawn Cainiao's IPO application and proposed a $3.75 billion share purchase offer. Alibaba aims to integrate Cainiao more closely with its e-commerce platforms and temporarily halt its sourcing platform, Ling Shou Tong, for business adjustments. The company plans to elaborate on this strategic shift in a conference call and has seen its stock price decline over the past year.

via Yahoo Finance|
#alibaba#businessfinance#cainiao
business2 years ago

Alibaba's Spinoff Unveiled: A Closer Look at Alibaba Gr Holding (NYSE:BABA)

Alibaba Group Holding plans to spin off its logistics company, Cainiao, through a separate listing on the Hong Kong Stock Exchange. Despite concerns over China's property sector, Alibaba will retain over 50% of the shareholdings in Cainiao, which will remain a subsidiary. The global e-commerce market is experiencing a shift towards discount retailing, with platforms like PDD Holdings and TikTok Shop attracting consumers with affordable goods from China. Economic uncertainty and a slow retail rebound in China have sparked a "value-for-money battle" among e-commerce platforms, leading to heavy investments in discounts by companies like Pinduoduo and Shein.

via Benzinga|
#alibaba#business#cainiao
business2 years ago

Alibaba's Cainiao Logistics Unit Set for Hong Kong IPO

Chinese e-commerce giant Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, as part of a larger restructuring effort. Alibaba will retain over 50% of the shares in Cainiao after the spinoff. This move marks the first official filing for an IPO among the six business units that Alibaba plans to separate. Details regarding share pricing and the listing date are yet to be disclosed.

via CNBC|
#alibaba#business#cainiao
business2 years ago

Alibaba and SF Express plan multi-billion dollar IPOs in Hong Kong and the US.

Alibaba's logistics arm, Cainiao Network Technology, is planning to raise up to $2 billion through an IPO in Hong Kong, likely in early 2024. The move comes after Alibaba announced in March that it would split its business into six units, with most exploring capital raisings or market debuts. Cainiao, which provides software and shares data with warehouses, carriers, and logistics firms, reported $6.07 billion in revenue in the nine months ended December, accounting for 6% of Alibaba's total revenue. The IPO is expected to be followed by market debuts from some of the other Alibaba units in the near-term, which could help revive sluggish fundraising activities in Hong Kong.

via Reuters|
#alibaba#business#cainiao
finance2 years ago

Alibaba's logistics arm plans $2 billion Hong Kong IPO.

Alibaba's logistics arm, Cainiao Network Technology, is planning to raise up to $2 billion through an IPO in Hong Kong, likely in early 2022, according to sources. The move comes after Alibaba announced in March that it would split its business into six units, with most of them exploring capital raisings or market debuts. Cainiao, which provides software and data sharing with warehouses, carriers, and logistics firms, reported $6.07 billion in revenue in the nine months ended December, accounting for 6% of Alibaba's total revenue.

via Yahoo Finance|
#alibaba#cainiao#capital-raising
business2 years ago

Alibaba's Logistics Arm Plans for 2023 Hong Kong IPO

Alibaba's logistics unit, Cainiao Network Technology, is reportedly preparing for a Hong Kong IPO with the help of banks such as China International Capital and Citigroup. The IPO is expected to take place as early as the end of 2023, and the company is currently valued at $20 billion. This news comes after Alibaba announced its plans to split into six separate entities earlier this week. Alibaba is the world's largest online and mobile commerce company, and its shares were up 4.04% at the time of publication.

via Benzinga|
#alibaba#business#cainiao