Alibaba's Cainiao Withdraws IPO Application and Sells Shares to Alibaba Group
Cainiao has withdrawn its IPO application, and plans to sell all its issued shares to Alibaba Group at a price of up to 3.75 billion USD
Tag: #Cainiao
Showing 12 of 40 posts with this tag
World's Largest Shopping Festival Is Going Green
Around the same time as delegates convened in Egypt for COP27, the world's largest shopping festival "11.11 Global Shopping Festival" also kicked off. While sustainable consumption has long been on the agenda against global warming, challenges still persist.
Alibaba Releases 2022 ESG Report, Cutting Carbon Emission by 620,000t Last Year
Alibaba has cut a total of 619,944 tons of carbon emissions by changing its energy mix to include more clean sources in FY2022 (ended March 2022), according to the company's ESG report published on August 29.
8/29/20223 min read
Alibaba to Develop Self-Driving Trucks, Eyeing Next Potential Hot Spot in China’s Tech Sector
Chinese internet giant Alibaba announced on Thursday it will develop driverless trucks with its logistics unit Cainiao, as the company ramps up efforts to follow a trend that may revolutionize the transportation industry.
6/10/20213 min read
Cainiao IPO Is Proceeding As Usual
Although Cloud Intelligence Group has halted its spin-off and Freshippo's IPO plan has been postponed, Cainiao's IPO is proceeding as planned.
JD.com Officially Enters the Real Estate E-Commerce Business
On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and ser...
Cainiao Launches the 'Two Euros Two Days Delivery' Campaign in Spain and Portugal
Cainiao has launched an economical logistics product for e-commerce packages that offers two-day delivery across Spain and Portugal.
Can Jack Ma win the looming war between Alibaba and Amazon?
Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top A...
Logistics Platform 58 Suyun Finishes First Funding Round of $250 Million
The logistics platform 58 Suyun announced on July 12 the completion of its first round of fundraising of $250 million, led by InnoVision Capital. SEE ALSO: Ali...
Alibaba's Cainiao Network to Open Five New Global Hubs in Asia, Europe and Middle East
On May 31 at the 2018 Global Smart Logistics Summit hosted by Cainiao Network Technology Co., Ltd., the logistics affiliate of Alibaba Group Holding Limited sho...
Cainiao-Backed Logistics Firm De Well Holdings Limited Plans for Hong Kong IPO
De Well Holdings Limited, a provider of cross-border logistics solutions, submitted an application for a listing to the Hong Kong Stock Exchange (HKEx) on Wednesday night, with Citigroup and CICC as co-sponsors.
4/28/20222 min read
Alibaba Kicks Off Annual Philanthropy Event With New Interaction Channels
Alibaba Group started its sixth annual Philanthropy Week on Tuesday with a series of online and offline initiatives across its businesses and new ways for the public to participate.