Alibaba said Tuesday that it was withdrawing its initial public offering and listing application, and instead proposes purchasing all outstanding shares of Cainiao Smart Logistics Network. The ...

In a sweeping restructuring plan unveiled in 2023, Alibaba said at the time it would seek an IPO for Cainiao, and the unit ...

At $25 billion, Alibaba’s share sale smashed the previous world record of $22.1 billion that Agricultural Bank of China had raised with its 2010 IPO in Hong Kong and Shanghai. In the wake of the ...