According to Cailian News Agency on November 8th, Baishi Group's board of directors has received a preliminary non binding offer from a buyer consortium composed of Alibaba, Cainiao Network, and company founder Zhou Shaoning to acquire all issued common shares. A person familiar with the situation told 21st Century Economic Report that this is a conventional privatization process for Baise and does not affect the normal operation of its business, nor is it a takeover by Alibaba or Cainiao...