Alibaba Offers $3.75B Logistics Biz Takeover Instead Of IPO

By Jade Martinez-Pogue (March 26, 2024, 5:21 PM EDT) -- Chinese e-commerce giant Alibaba Group Holding Ltd. on Tuesday went back on its plans to spin off Cainiao Smart Logistics Network Ltd. through an initial public offering and instead announced plans to buy the remaining stake in the business that it does not already own for up to $3.75 billion....

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