Alibaba’s Cainiao Files for $1B IPO on Hong Kong Stock Exchange
The significance of this IPO is further highlighted when considering the expected global ranking of this offering.
Alibaba’s Logistics Arm Cainiao to File for $1B+ Hong Kong IPO
Meanwhile, Alibaba has put a hold on Hong Kong IPO plans for its grocery chain Freshippo.
Alibaba Logistics Business Cainiao Seeks Hong Kong IPO in Early 2024
With the IPO move in full force, the logistics arm of Alibaba is looking forward to raising between $1 billion and $2 billion.