In a move that underscores the volatile conditions of the global and Chinese markets, Alibaba Group announced on Tuesday its decision to halt the much-anticipated initial public offering (IPO) of its logistics arm, Cainiao Smart Logistics Network. This decision marks a significant shift in Alibaba’s strategy, reflecting broader economic uncertainties and a reassessment of its … Continue reading Alibaba cancels Cainiao’s IPO, opts for complete ownership of the logistics subsidiary