BRIEF-Alibaba Group Says Proposed To Purchase All Outstanding Shares Of Cainiao Smart Logistics Network-March 2024-www.financetom.com

BRIEF-Alibaba Group Says Proposed To Purchase All Outstanding Shares Of Cainiao Smart Logistics Network

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BRIEF-Alibaba Group Says Proposed To Purchase All Outstanding Shares Of Cainiao Smart Logistics Network

Mar 26, 2024 4:10 AM

March 26 (Reuters) - Alibaba Group Holding Ltd ( BABA )

* PROPOSED TO PURCHASE ALL OUTSTANDING SHARES OF CAINIAO

SMART

LOGISTICS NETWORK LIMITED WHILE CONCURRENTLY WITHDRAWING ITS IPO

* ALIBABA INTENDS TO INVEST UP TO $3.75 BILLION TO ACQUIRE

REMAINING OUTSTANDING SHARES IN CAINIAO

Further company coverage:

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