1.93 Alibaba bins listing for its Cainiao logistics limb

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Alibaba bins listing for its Cainiao logistics limb
Date: 2024-03-27 [theregister.co.uk]

Already backed away from cloud spinout, now gradually breaking up with its own breakup plan

Chinese tech giant Alibaba has decided not to spin out its logistics limb, Cainiao, and will instead buy back shares in the outfit and integrate it more deeply with its e-commerce operations.
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