Previous close | 0.0900 |
Open | 0.0900 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 170.00 |
Expiry date | 2024-01-19 |
Day's range | 0.0900 - 0.0900 |
Contract range | N/A |
Volume | |
Open interest | 15.51k |
(Reuters) -Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant announced its break-up six months ago. Alibaba said on Tuesday it had submitted an application to spin off Cainiao Smart Logistics Network to the Hong Kong stock exchange, but that financial terms such as the size of the offering had not been finalised. However, Alibaba, which holds a 69.54% stake in Cainiao, will continue to hold more than 50% of shares in Cainiao and it will remain a subsidiary of the company after the spin-off, Alibaba added.
Global cloud leader joins forces with technology partners to accelerate application development innovationHANGZHOU, CHINA - Media OutReach - 26 September 2023 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced a series of innovative AI products and services at the 2023 Alibaba Cloud Global Summit. The comprehensive set of new products are designed to meet the burgeoning demand for Generative AI development from customers worldwide. The extensive A
Cainiao Network Technology Co, the logistics subsidiary of Alibaba (NYSE:BABA) Group Holding Ltd, is expected to file for its initial public offering (IPO) in Hong Kong as early as next week, according to sources close to the matter. The move could potentially make Cainiao one of the first units of the Chinese tech giant to go public following Alibaba's announcement earlier this year that it would split up its business.