Dow Jones Newswires: Alibaba’s logistics unit files for Hong Kong IPO

by | Sep 26, 2023 | Stock Market

Alibaba Group Holding’s e-commerce logistics arm has filed an initial prospectus for an initial public offering in Hong Kong. Cainiao Smart Logistics Network has appointed Citigroup, Citic Securities and J.P. Morgan as joint sponsors for the offering, according to the prospectus filed Tuesday. Cainiao was founded by Alibaba BABA HK:9988 and…

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