Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan

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In the Chinese e-commerce giant#39;s latest reversal of its restructuring plan, Alibaba, which holds a stake of around 64% in Cainiao, said it was offering to acquire the remaining stock.

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Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan

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