Original title: 23.3 billion! Alibaba increased its stake in rookie network to 63%
On November 8, on the eve of "double 11", Alibaba announced that it would increase its investment of 23.3 billion yuan in Cainiao network, increasing its stake in Cainiao to 63%.
Alibaba said that in order to continue to increase investment in intelligent logistics and strengthen the logistics infrastructure of business operation system, it has led the way to complete a new round of capital increase for rookie network. Alibaba invested 23.3 billion yuan (US $3.3 billion) through capital increase and purchase of old shares, and its stake in rookie increased from about 51% to about 63%. Other existing shareholders of rookie also participated in the new round of financing.
According to the industrial and commercial information of qizha cat, Cainiao Network Technology Co., Ltd. was founded on May 16, 2013 with a registered capital of 1 million yuan and legal representative of Wan Lin. its main business includes Internet software, IOT network technology development, technical consultation and technical services.
According to the data collected by the prospective economist, the domestic express delivery industry is still in the process of rapid development. From January to August 2019, the business volume of China's express service enterprises has accumulated 38.31 billion pieces, a year-on-year growth of 26.6%; the business income has accumulated 462.18 billion yuan, a year-on-year growth of 24.4%. On September 17, 2019, Ma Junsheng, director of the State Post Bureau, said that China's express business volume is expected to exceed 60 billion pieces in 2019.