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Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuring

Alibaba has scrapped the planned Hong Kong IPO for its logistics unit Cainiao, deciding to double down on its investment in the strategically important unit.

By: scmp.com

Mar 26 2024
94
8929 Views

Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuring

Alibaba has scrapped the planned Hong Kong IPO for its logistics unit Cainiao, deciding to double down on its investment in the strategically important unit.

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Strive and Rise mentoring scheme found to give needy Hong Kong students a lift in financial planning skills, self-confidence and sense of belonging