A person familiar with the matter revealed that Alibaba's logistics sub -enterprise Cainiao Network Technology Co., Ltd. has begun cooperation with banks to prepare for the first public fundraising (IPO) in Hong Kong.
Bloomberg Society on Thursday (March 30) quoted people familiar with the matter that banks such as CICC and Citi Group are working with Cainiao to prepare for an IPO.One of the people familiar with the matter who did not want to be named because the news was not made public, the Cainiao Company was preparing to go to Hong Kong as soon as the end of this year.
People familiar with the matter said that Cainiao's current valuation of more than $ 20 billion (S $ 26.5 billion).Cainiao has not yet determined the IPO scale, and the listing schedule may still be adjusted according to market conditions.Rookie representative said the company did not have a clear IPO plan and listing schedule.Representatives of Citi Group did not comment, and the representatives of CICC did not immediately reply to the evaluation request.
Alibaba announced the business spin -off plan this week. Under Alibaba Group, six major business groups including e -commerce, media, and cloud will be established.Listing.Zhang Yong, CEO of Alibaba, said at the conference call on Thursday that he would gradually abandon his control over some main business, but did not disclose any IPO timetable.
According to the Cainiao website, the company is committed to achieving the vision of Alibaba Group in logistics, that is, the 24 -hour nationwide, and 72 hours of the world.As of March 31, 2022, Cainiao self -operated nine overseas sorting centers and cooperated with more than 500 logistics partners to provide logistics contract services globally.
According to the February announcement, as of the three months as of December 31, 2022, after the offset of cross -section transactions, the external income of Cainiao increased by 27%year -on -year to 16.6 billion yuan (S $ 3.2 billion), Growth benefits from the upgrading of consumer logistics services and international logistics performance plans.
