Alibaba OKs IPO for logistics arm Cainiao 

Alibaba Community Retaining acknowledged on Thursday that its Cainiao Neat Logistics subsidiary will pursue an preliminary public offering that the Chinese language e-commerce enormous hopes will doubtless be achieved in the following 12 to 18 months.  Alibaba did no longer repeat extra details, but media reviews, quoting sources with files of the matter, acknowledged Cainiao is taking a explore to elevate between $1 billion […]