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Alibaba scraps Cainiao IPO plans, proposes acquisition: 'Poor market conditions'

China’s e-commerce pioneer Alibaba Group Holding Ltd. decided to postpone the transaction because of poor market conditions.

Hindustan
India-general
India
China
Cainiao
China-general
Beijing
Chinese
Joseph-tsai
Raghuram-rajan
Intime-department
Bytedance-ltd

Alibaba calls off $1 billion IPO for Cainiao amid market slump

Alibaba, which is China’s e-commerce pioneer, has decided to postpone the transaction because of poor market conditions, sources told Bloomberg

Beijing
China
Cainiao
China-general
Chinese
Joseph-tsai
Intime-department
Bytedance-ltd
Cainiao-smart-logistics-network-ltd
Smart-logistics-network-ltd
Chairman-joseph-tsai
Bloomberg-news

Can Alibaba Grow Like It Used To In 2024?

For the December quarter, the Chinese e-commerce giant reported revenue grew just 5% year-over-year, while net income plunged 70%.

Hong-kong
New-york
United-states
China
Shanghai
Chinese
Wang-xiaoyan
Joe-tsai
Jack-ma
Colin-huang
Cloud-intelligence-group
Everbright-securities-international

Alibaba in no 'hurry' to pursue IPOs, promises to 'reignite' e-commerce unit

Shares in Alibaba fell almost 6% in U.S. trading after the Chinese company reported underwhelming quarterly revenue figures.

Hong-kong
China
Cainiao
China-general
Chinese
Joe-tsai
Alibaba-taobao
Eddie-wu
Bytedance-douyin
Tmall-group
Bloomberg
Intime-department

Alibaba's $25bn buyback fails to assuage investors

The internet company’s board approved the expansion of an existing buyback program that was already among the country’s largest, encompassing about $9.5 billion last year alone.

Cainiao
China-general
China
Zhipu
Zhejiang
Hong-kong
Chinese
Jack-ma
Catherine-lim
Bytedance-douyin
Eddie-wu
Daniel-zhang

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