Employees and visitors stand at the Cainiao display at Alibaba's headquarters in Hangzhou. Photo: BloombergEmployees and visitors stand at the Cainiao display at Alibaba's headquarters in Hangzhou. Photo: Bloomberg
Employees and visitors stand at the Cainiao display at Alibaba's headquarters in Hangzhou. Photo: Bloomberg

Fosun looks to reap the gains of its early investment in logistics giant Cainiao with a US$1.3 billion stake sale to Alibaba

  • The Chinese conglomerate plans to sell its Cainiao stake to Alibaba and other investors
  • E-commerce giant Alibaba is upgrading its logistics network globally
Topic |   Mergers & Acquisitions
Employees and visitors stand at the Cainiao display at Alibaba's headquarters in Hangzhou. Photo: BloombergEmployees and visitors stand at the Cainiao display at Alibaba's headquarters in Hangzhou. Photo: Bloomberg
Employees and visitors stand at the Cainiao display at Alibaba's headquarters in Hangzhou. Photo: Bloomberg
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