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Why Alibaba is Scrapping Cainiao IPO | BABA Stock
Description
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
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Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.