China#39;s Alibaba invests $3.3 billion in Cainiao, raises equity stake to 63%

China#39;s Alibaba invests $3.3 billion in Cainiao, raises equity stake to 63% The investment will go towards subscribing for newly issued Cainiao ordinary shares in its latest financing round and purchasing some equity interest from an existing Cainiao shareholder, Alibaba said in an e-mailed statement.

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China#39;s Alibaba invests $3.3 billion in Cainiao, raises equity stake to 63% China#39;s Alibaba invests $3.3 billion in Cainiao, raises equity stake to 63% Reviewed by VidhanSabha on November 08, 2019 Rating: 5

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