By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Alibaba Drops Cainiao IPO, Proposes $3.8B Buyout for Full Ownership
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
e-CommerceLogistics

Alibaba Drops Cainiao IPO, Proposes $3.8B Buyout for Full Ownership

Rary Maharani
Last updated: April 1, 2024 3:11 am
Rary Maharani
Share
2 Min Read
SHARE
  • Alibaba drops Cainiao IPO, proposes $3.8B buyout for full ownership.
  • Merger aims for better logistics-ecommerce synergy and global growth integration.
  • Move casts doubt on Alibaba’s restructuring plans for separate IPOs.

Contents
A synergy between logistics and e-commerceMerging operations for global logistics growthUncertain future for Alibaba

A synergy between logistics and e-commerce

Alibaba Group has decided to drop the Hong Kong IPO for its logistics subsidiary, Cainiao, just months after shelving IPO plans for another subsidiary, grocery arm Freshippo.

Instead, the Chinese tech giant has proposed to purchase all of Cainiao’s outstanding shares, allocating up to $3.8 billion to buy the remaining 36% from minor shareholders. This move aims to increase synergies between logistics and Alibaba’s main e-commerce business.

Merging operations for global logistics growth

Once the purchase is complete, Alibaba plans to merge Cainiao’s operations with its own.

This integration will enable Cainiao to support Alibaba’s global logistics growth better and seamlessly integrate with the group’s e-commerce businesses, which include Taobao, Tmall, and the Alibaba International Digital Commerce Group.

The move comes amid an intensifying battle with competitors like PDD.

Uncertain future for Alibaba

Alibaba began a major restructuring effort a year ago, planning to form six different business units and pursue an IPO for each.

However, the change of plans for Freshippo and Cainiao has cast doubt on whether this strategy remains intact.

Founded in 2013, Cainiao has grown into a $13.7 billion business, with revenue growing by 24% year-on-year in the December quarter, primarily driven by its cross-border logistics services.

To read the original article: https://www.techinasia.com/alibaba-calls-cainiao-ipo-38b-investment-full-ownership

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article LinkAja Secures Mitsui Investment to Expand Payment Ecosystem in Indonesia
Next Article Malaysian Babycare Brand Secures $4.2M from 500 Global for Global Expansion

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

e-Commerce

PDD’s Stock Plummets After Gloomy Outlook on China’s E-commerce Market

September 9, 2024
Strategy

John Rush’s Unconventional Wisdom for Entrepreneurs from to Simplify to Soar

May 15, 2024
VC

MENA’s Tech Revolution: Why TA Ventures is Doubling Down

December 4, 2024
Health-Tech

Allozymes Secures $15M for European Conquest and Biotech Breakthroughs

May 20, 2024
SaaS

Vouch Secures $2.5M to Revolutionize Hotel Operations with AI

October 20, 2024
e-Commerce

Shopee Doubles Down on In-House Logistics, Reaping Q1 Growth Rewards

May 20, 2024
AIDeep TechFood tech

GoPizza Grows Pizza Chain with AI and Robots

February 23, 2024
AIStartups

Meta Kicks Off AI Accelerator Program in Singapore

October 14, 2024
VC

Qatar Launches $1B Fund of Funds to Attract VCs and Startups

March 7, 2024
Health-TechStartups

OnCusp Therapeutics Secures $100 Million to Progress Cancer Treatment

February 12, 2024
Crypto & Web3

Mocaverse Forges Wallet Partnerships to Bridge Web3 Gap

February 21, 2024
Strategy

The Old Notion of a ‘Manager’ is Dying

July 5, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?