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Cainiao files for $1B-plus IPO

Alibaba intends to retain more than 50% of shares, keep Cainiao as subsidiary

Bloomberg NewsbyBloomberg News
September 26, 2023
in Archive
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Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese e-commerce leader’s units to go public. Citic Securities Co., Citigroup Inc. and JPMorgan Chase & Co. are joint sponsors of the offering, according to […]

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