Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit. Source: Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Category: CNBC
Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC. Source: Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
Reddit shares climbed 30% to $59.80 at the market’s close on Monday. Source: Reddit shares rise 30% to start week after social media company’s IPO