STO Express announced plans to acquire 100% of DanNiao Logistics, a unit under Alibaba’s Cainiao, for RMB 362 million ($50 million) in cash, according to a company filing on July 25. The transaction, classified as a related-party deal, does not constitute a major asset restructuring and does not require shareholder approval…
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STO Express to acquire Alibaba-backed logistics firm DanNiao for RMB 362 million
作者gocpmall
7 月 31, 2025