Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
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Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.
China Water Cannon Attack Caught on Camera
The Southeast Asian country ran aground a former U.S. tank landing ship, the BRP Sierra Madre, in 1999 to stake its claim to the feature, which is “a grave violation of China’s territorial sovereignty …
China’s EV Exports to EU Slump at Start of Year Amid Probe
China’s exports of electric vehicles to European Union countries dropped by nearly a fifth during the first two months of the year, according to official Chinese data, amid a probe by Brussels into …
Australia And New Zealand Accuse China Of Covert Cyberattack Campaigns Against Democratic Nations
Australia and New Zealand have accused China of orchestrating cyberattacks on their democratic institutions. The accusations come in the wake of similar claims by the U.S. and U.K. against Chinese …
Alibaba Calls Off Cainiao’s IPO After Market Slump Worsens
Alibaba Group Holding Ltd. is calling off an initial public offering for its Cainiao logistics arm, shelving a much-anticipated debut that could have raised more than $1 billion.
Alibaba Group Cainiao IPO Update and Share Purchase Offer Conference Call
BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its …
China’s Netclass Technology Files for Smaller U.S. IPO
By Colin Kellaher Chinese online professional-education platform Netclass Technology has revised its planned U.S. initial public offering. The …
Graphs Show China’s Yearslong ‘Intrusions’ in Territory Held by US Ally
China’s coast guard has entered waters around the disputed Senkaku Islands for 96 consecutive days, Japan says.
China to Speed up ‘New Productive Forces’, Vice President Says
BEIJING (Reuters) – China will accelerate the development of “new productive forces” and bolster stability and security for the global economy, Vice President Han Zheng told an investment forum in …
New Zealand follows U.S., U.K. in accusing China-backed hackers of cyberattacks
New Zealand has accused China of “malicious cyber activity” linked to Chinese state actors, who targeted its parliament in 2021.The government “expressed concerns today about malicious cyber activity, …
China Signals More Property Support, But Substance to Be Key for Turnaround
China’s premier and its central bank chief have sought to calm the country’s embattled property sector in recent days, but investors are waiting on something slightly more elusive: concrete steps.
China Accused of Major Cyber Hack on NATO Ally
The U.K. Electoral Commission’s systems were likely compromised by a Chinese state-affiliated entity between 2021 and 2022.
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