• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech

$20B logistics unit of Alibaba is reportedly considering a Hong Kong IPO in 2023

by Sneha Singh
March 31, 2023
in Tech
Reading Time: 2 mins read
0
Alibaba
TwitterWhatsappLinkedin

Alibaba, the Chinese e-commerce giant, has reportedly planned to divide its business into six different units, and its logistics division, Cainiao Network Technology, is likely to be the first one to hold an initial public offering (IPO). This IPO is expected to be listed on the Hong Kong exchange and is anticipated to occur in 2023. The logistics unit, which has a valuation of around $20 billion, is a vital part of Alibaba’s business ecosystem, responsible for facilitating deliveries and managing the supply chain of its online marketplaces.

You might also like

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

Report: OpenAI and UAE Partner to Build Massive Data Center

The move to spin off the logistics unit is part of Alibaba’s plan to unlock value in its various business units and provide more transparency to investors. Alibaba has hired CICC and Citigroup to work on the spinout, and the IPO is expected to generate significant investor interest. Bloomberg reports that the IPO could take place by the end of the year, though there has yet to be an official announcement regarding the timeline.

The IPO of Alibaba is expected to generate significant investor interest

Alibaba’s decision to divide its business into six different units is part of its efforts to comply with Chinese regulations on internet companies’ antitrust issues. The company has been under increased regulatory scrutiny, and the Chinese government has imposed various penalties and fines on Alibaba and other tech giants, including Tencent and Didi. Alibaba’s CEO, Daniel Zhang, has emphasized the importance of complying with regulations, and the company has been taking measures to streamline its business operations and restructure its various business units.

$20B logistics unit of Alibaba is reportedly considering a Hong Kong IPO in 2023
Credits: Reuters

According to Bloomberg, Alibaba’s logistics division, Cainiao Network Technology, is reportedly considering a Hong Kong IPO in 2023 as part of Alibaba’s plan to divide its business into six different units. The size and terms of the IPO have yet to be determined, but Cainiao’s current valuation is estimated to be around $20 billion. This IPO is expected to generate significant investor interest and could be one of the most significant listings in Hong Kong.

Hong Kong IPO has been attracting many Chinese tech giants

The move of spliting the business in six unites is part of the company’s efforts to comply with Chinese regulations and unlock value in its various business units.In related news, JD.com, another Chinese e-commerce giant, saw its stock prices surge on Thursday after it filed for Hong Kong IPOs for two of its divisions. The JD Health International IPO is expected to raise $4 billion, while the JD Logistics IPO could raise $3 billion. The two divisions, JD Health International and JD Logistics are expected to go public later this year.

The move by JD.com to spin off its divisions and pursue IPOs is also seen as part of the company’s strategy to unlock value in its various business units and expand its business operations. The Hong Kong IPO market has been active in recent years, attracting many Chinese tech giants, and it is expected to remain a popular choice for companies looking to go public.

Tags: AlibabaChinese Companye-commerceHong KongIPO
Tweet54SendShare15
Previous Post

What Does It Take To Get Verified On Instagram?

Next Post

Apple wins appeal over patents in $502m VirnetX judgment

Sneha Singh

Sneha is a skilled writer with a passion for uncovering the latest stories and breaking news. She has written for a variety of publications, covering topics ranging from politics and business to entertainment and sports.

Recommended For You

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

by Samir Gautam
May 18, 2025
0
Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

Antonio Filosa, the executive currently leading Stellantis’ U.S. operations, has emerged as the top contender to succeed outgoing CEO Carlos Tavares, according to reports from Bloomberg. As Stellantis...

Read more

DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

by Thomas Babychan
May 18, 2025
0
DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

India is preparing to enter a new era in military aviation with the development of its first fifth-generation stealth fighter jet, the Advanced Medium Combat Aircraft (AMCA). The...

Read more

Report: OpenAI and UAE Partner to Build Massive Data Center

by Sneha Singh
May 18, 2025
0
Report: OpenAI and UAE Partner to Build Massive Data Center

Tech giant OpenAI will be part of building what may be one of the world's biggest data centres in the United Arab Emirates, a Bloomberg News report published...

Read more
Next Post
Apple wins appeal over patents in $502m VirnetX judgment

Apple wins appeal over patents in $502m VirnetX judgment

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?