Alibaba bins listing for its Cainiao logistics limb
Already backed away from cloud spinout, now gradually breaking up with its own breakup plan
Off-Prem
27 Mar 2024 |
Alibaba has announced the initial public offering (IPO) of its financial services arm, Ant Group, and is aiming for the world’s biggest-ever float measured by cash raised. Ant is best known as the operator of Alipay, the payments platform that boasts over a billion active annual users and 80 million monthly active merchants. …
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