February 6, 2025
Alibaba’s logistics unit Cainiao proposes buyout offer for rival Best

Chinese logistics company Best said on Monday that it has received a preliminary buyout proposal from a group consisting of Best founder and CEO Shao-Ning Johnny Chou on behalf of a flurry of the company’s chief figures and external companies, including Alibaba Investment and Cainiao. The buyout offer plans to acquire all of the outstanding [……
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