Recently, Baishi Group received a privatization proposal worth over 400 million yuan, with major shareholders Alibaba and Cainiao participating. The privatization proposal sparked market speculation, with industry reports suggesting that Alibaba and Cainiao may acquire Baishi in the future. According to a person familiar with the matter, the above speculation is a big mistake. The actual situation is that Baishi Group intends to delist from the New York Stock Exchange through privatization, which is just a routine action of major shareholders cooperating with delisting. Alibaba and Cainiao have no intention of taking over Baishi.