Alibaba's Cainiao to raise more money; current funds good for up to 18 months

HANGZHOU, China (Reuters) - Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group Holding Ltd , will hold another round of fundraising but it is hoping that money raised in March will be sufficient for a year to 18 months.

Alibaba's Cainiao to raise more money; current funds good for up to 18 months
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