In depth: Cainiao's IPO withdrawal and Alibaba's bumpy ride

The Chinese internet giant’s recent ride hasn't been easy amid geopolitical tensions, a gloomy domestic economy and the high cost of capital. FA spoke to analysts and economists to assess the firm's outlook, as Alibaba drives its break-up strategy.
March 27, 2024

Alibaba Group announced on March 26 that the group will no longer pursue an initial public offering (IPO) of Cainiao, its logistics arm, on the Hong Kong Stock Exchange (HKEX), said Alibaba's chairman Joe Tsai. 

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