Published 19:36 IST, March 26th 2024
Alibaba abandons Cainiao IPO plans, proposes acquisition
Tech behemoth, which currently holds approximately 64% of Cainiao's stake, revealed its intention to acquire the remaining shares for a sum of up to $3.75 bn.
Alibaba | Image:
x/@Investingcom
Advertisement
16:26 IST, March 26th 2024