Alibaba logistics arm is considering an IPO in Hong Kong for $2 billion: Reports

Three sources have confirmed that Cainiao, which has started to prepare for an IPO, plans to raise between $1 billion and $2 billion in Hong Kong.

According to two of the individuals, the anticipated IPO, whose magnitude was not previously mentioned, will probably debut in the early part of 2024.

In 2013, the business established Cainiao with the help of partners that included logistics firms.

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