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Aggregated China Business Blogs
Alibaba-Backed Cainiao Logistics Plans Fundraising At $6B Valuation
Aggregated Source: China Money Network
Cainiao Logistics, the logistics affiliate of Alibaba Group Holding Limited, is preparing to start a round of fundraising at a rumored valuation of RMB40 billion (US$6 billion), according to Tencent Finance. Founded in 2013 by Alibaba and a group of Chinese logistics firms, Cainiao previously disclosed that it planned to pump US$16 billion into the […]


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