On November 6th, China's smart supply chain solution and logistics service provider, Baishi Group, announced that its board of directors has received a preliminary non binding offer from a buyer's consortium composed of Alibaba, Cainiao Network, and company founder Zhou Shaoning to acquire all outstanding common shares. According to this suggestion, the buyer's consortium plans to acquire all of Baishi Group's issued ordinary shares, including Class A ordinary shares represented by ADS, for $0.144 per ordinary share or $2.88 per ADS cash per share. Based on the current total equity of 19.88 million shares of Baishi Group, the privatization price may reach 57.2544 million US dollars, equivalent to over 400 million RMB.