Alibaba Group Holding Ltd.’s Cainiao logistics unit has started to prepare for an initial public offering in Hong Kong that could occur as soon as the end of...
Alibaba Group Holding Ltd.’s BABA Cainiao logistics unit has started to prepare for an initial public offering in Hong Kong that could occur as soon as the end of this year, Bloomberg News reported Thursday. The report comes after Alibaba disclosed earlier this week plans to reorganize into six business groups that would have the flexibility to raise capital or pursue their own IPOs. The Bloomberg story cited multiple unnamed sources, who said that Cainiao is valued at upwards of $20 billion.
’s BABA Cainiao logistics unit has started to prepare for an initial public offering in Hong Kong that could occur as soon as the end of this year, Bloomberg News reported Thursday. The report comes after Alibaba disclosed earlier this week plans to reorganize into six business groups that would have the flexibility to raise capital or pursue their own IPOs. The Bloomberg story cited multiple unnamed sources, who said that Cainiao is valued at upwards of $20 billion.
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