Alibaba OKs IPO for logistics arm Cainiao 

Alibaba Group Holding said on Thursday that its Cainiao Smart Logistics subsidiary will pursue an initial public offering that the Chinese e-commerce giant hopes will be completed in the next 12 to 18 months.  Alibaba did not disclose further details, but media reports, quoting sources with knowledge of the matter, said Cainiao is looking to raise between $1 billion […]

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