Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao
阿里宣布撤回子公司菜鸟香港IPO申请
Alibaba has scrapped the planned Hong Kong IPO for its logistics unit Cainiao, deciding to double down on its investment in the strategically important unit.
阿里巴巴已经取消了菜鸟计划在香港的IPO，决定加倍投资这个具有重要战略意义的子公司。
The Hangzhou-based e-commerce giant said it will invest up to US$3.75 billion to buy the remaining shares from minority shareholders of Cainiao.
这家总部位于杭州的电子商务巨头表示，将投资高达37.5亿美元，从菜鸟的少数股东手中购买剩余股份。
Alibaba chairman Joe Tsai said the company had decided to double down on strategically important logistics unit.
阿里巴巴董事长蔡崇信表示，该公司已决定在具有重要战略意义的物流上加倍投入。
