Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce

Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions.#alibabagroupholding #cainiao #hongkong
Source: Reuters: Health - Category: Consumer Health News Source Type: news