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Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul
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Alibaba-controlled hypermarket operator Sun Art appoints new CEO

The CEO change at Sun Art comes as Alibaba continues to adjust its offline retail businesses as part of a sweeping group-wide restructuring.

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Alibaba Halts Ling Shou Tong Operations, Proposes $3 75B Cainiao Share Purchase Amid Global Expansion Plans

Alibaba Group Holding Limited (NYSE:BABA) and its logistics subsidiary, Cainiao Smart Logistics Network Limited, announced the withdrawal of Cainiao’s initial public offering and listing application on the Hong Kong Stock Exchange. Concurrently, Alibaba Group has proposed an offer to Cainiao’s minority shareholders, including its employees, allowing them to sell their shares to Alibaba Group at $0.62 per share, valuing the total consideration at up to $3.75 billion. Shareholders can accept this

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Alibaba connects Taobao and 1688 to tap new users as fierce e-commerce competition ratchets higher

Alibaba connects Taobao and 1688 to tap new users as fierce e-commerce competition ratchets higher
scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.

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Alibaba Halts Ling Shou Tong Operations, Proposes $3 75B Cainiao Share Purchase Amid Global Expansion Plans - Alibaba Gr Holding (NYSE:BABA)

Alibaba Group and its logistics subsidiary, Cainiao, have withdrawn their IPO application and offered to buy back shares from minority shareholders for up to $3.75B. Integration with e-commerce platforms planned. LST temporarily halted.

Hong kongSouth koreaAlibaba international digital commerce groupAlibaba group holding limitedTmall groupHong kong stock exchangeCainiao smart logistics networkAlibaba groupCainiao smart logistics network limitedHong kong stockAlibaba investsLing shou tongInvesco golden dragon chinaProshares online retail

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