Alibaba Group has ditched its plan to list Cainiao and said on Tuesday it will buy the remaining shares (just over a third) of the logistics unit it does not already own for $3.75 billion. Alibaba chairman Joe Tsai avoided blaming market conditions – the slump in local markets, for the e-commerce…
#alibabagroup #alibaba #joetsai #hongkong #cainiao #bankssay #cloud #jimpollard #alibababreakupgets #underway
Continue reading...