Alibaba to acquire the remaining 36.3% stake in Cainiao for $3.75bn.

Alibaba, a provider of online and mobile commerce businesses, offered to acquire the remaining 36.3% stake in Cainiao, a provider of logistics services for $3.75bn. Alibaba Group plans to offer to minority shareholders of Cainiao an opportunity to sell all of the outstanding shares of Cainiao held by them to Alibaba Group for $0.62 per share, representing a total consideration of up to $3.75bn. Cainiao shareholders may choose to accept the Offer and sell their shares to Alibaba Group for cash consideration or continue to own Cainiao shares. Alibaba Group owns approximately 63.7% of the fully-diluted equity interest in Cainiao.