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Cainiao plans to raise at least $1B in Hong Kong IPO soon

Alibaba stock rose as much as 4.4% following recent IPO news

Bloomberg NewsbyBloomberg News
September 22, 2023
in Archive
Reading Time: 3 mins read
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Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., is planning to file for its Hong Kong initial public offering as soon as next week, according to people familiar with the matter, potentially making it among the first of the Chinese tech firm’s units to go public. The company is targeting to raise at […]

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