$Alibaba(BABA)$ $Alibaba(09988)$ Cainiao is not a public company. Unfortunately, I would say that This is not a good strategy. If I am not wrong, this is to open a gate for insiders to cash out their investment. Baba owns65% of Cainiao, why does baba to pay the other investors to exit for $3.75 billion. Investing any private company is a risk. There is no obligation for baba to spend the money.
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