Why Alibaba is Scrapping Cainiao IPO | BABA Stock

The John Johnston Lounge · Mar 28, 2024 · 11m

I report and discuss the latest Alibaba stock news that Alibaba is scrapping the previously planned IPO of its large logistics unit Cainiao, and is planning to acquire the remaining stake it does not own. See below timestamps: 00:14 Cainiao IPO withdrawal and share acquisition news 01:46 Recent BABA stock price action 02:40 Investing for strategic growth 08:15 Cainiao segment financial results - revenue growth 09:07 Mainstream financial media take on the news Related episodes: Alibaba Stock: Is The Bottom In? Chairman Joe Tsai Interview! https://youtu.be/eZ4x8z2qjII Alibaba Stock Earnings…