It is rumored that Fosun International plans to sell the minority equity of Cainiao under Ali to cash out 1 billion dollars
According to the news, $FOSUN INTL (00656.HK)$ has appointed a financial consultant to sell less than 5% of its shares in Cainiao. The plan is still in the preliminary stage.
It is reported that Fosun, which once owned 6.7% of Cainiao's shares in 2020, has negotiated with potential buyers including Alibaba about its shares in this logistics company, because the company needs new capital to make new investments in other businesses, and the company has sold some shares in the past two years.
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