Alibaba to “double down” on its investment in Cainiao

Alibaba to “double down” on its investment in Cainiao

Alibaba Group has proposed to purchase all outstanding shares of Cainiao Smart Logistics Network Limited  while concurrently withdrawing its IPO and listing application.

Alibaba holds approximately a 64% stake in Cainiao and intends to invest up to $3.75 billion to acquire the remaining outstanding shares from minority investors and employees with vested equity.

The deal will establish a more competitive consumer experience by further integrating Cainiao’s logistics services and Alibaba’s e-commerce businesses.

“Given the strategic importance of Cainiao to Alibaba and the significant long-term opportunity we see in building out a global logistics network, we believe this is an appropriate time to double down on Alibaba’s investment in Cainiao,” said Joe Tsai, Chairman of Alibaba Group.

The offer, which values Cainiao at $10.3 billion, underscored the company’s commitment to investing in and strengthening its e-commerce operations to regain market share and drive growth. Cainiao shareholders may choose to sell or hold onto their shares.

Cainiao delivers uniquely tailored logistics services to Alibaba’s domestic and international e-commerce businesses.

It provides warehousing and fulfillment services, last-mile delivery and pick-up posts, and reverse logistics to Taobao and Tmall Group’s China-based customers. For Alibaba’s cross-border e-commerce businesses, Cainiao covers end-to-end fulfillment, line haul and delivery services to customers worldwide.

.

Relevant Directory Listings

Listing image

SwipBox

Focus on the user experience SwipBox is focused on creating the world’s best user experience for delivering and picking up parcels using parcel lockers. Through a combination of intuitive network management software and hassle-free, app-operated parcel lockers, SwipBox delivers maximum convenience to logistics providers, retailers […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This