On March 26th, Alibaba Group announced that in order to better strengthen collaboration with Alibaba's e-commerce business and continue to support Cainiao in expanding its global logistics network investment, it has decided to withdraw Cainiao's listing application and make a cash tender offer to acquire all the equity of Cainiao's minority shareholders and the equity already owned by employees. The amount involved in this acquisition reaches 3.75 billion US dollars. It is reported that this strategy highlights Alibaba's focus on strengthening its core e-commerce business and logistics collaboration, as well as its confidence in investing in future logistics strategies. Alibaba believes that Cainiao is a component of Alibaba's core business and an important infrastructure for the development of e-commerce. The above adjustments will help Cainiao focus on its business and execute further expansion plans. Alibaba will increase strategic investment in the logistics field to support Cainiao's global logistics network expansion.