Cainiao, Alibaba’s logistics arm, announced Feb. 27 that Alibaba Group has fully acquired the remaining shares held by Cainiao’s minority shareholders. In addition, the company introduced a comprehensive exit plan for employees’ stock options. Under the new plan, employee stock options will be converted into long-term cash incentives rather than a one-time buyout. The buyout price for the options is set at 62 cents per option. For example, an employee who joined Cainiao in January 2024 with an offer for 10,000 stock options will receive long-term cash incentives starting in January 2026, corresponding to $3,100 for the first 5,000 options and $1,125 annually for the next two years. Earlier in March 2024, Alibaba announced the withdrawal of Cainiao’s IPO application in Hong Kong and plans to offer minority shareholders the opportunity to sell their shares at 62 cents per share, with a potential total payout of up to $3.75 billion. [iThome, in Chinese]
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