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Split-up of Cainiao Is False News as Firm to Continue to Vigorously Develop Global Express Biz: Report
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The recent rumor of a “split of Cainiao” is false news, Chinese media quoted internal sources of BABA-W (09988.HK) and Cainiao as saying. At present, Cainiao only adjusted the production relationship for part of its platform logistics business, while the main logistics business of Cainiao has not changed and will continue to vigorously develop global express, supply chain and logistics technology, etc.. In addition, Cainiao is prepared to upgrade its global English brand name on the basis of retaining the original Chinese brand name. AAStocks Financial News |
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