{"id":22265,"date":"2023-09-26T10:30:38","date_gmt":"2023-09-26T10:30:38","guid":{"rendered":"https:\/\/microloannexus.com\/news\/chinese-e-commerce-giant-alibaba-plans-to-list-its-logistics-unit-cainiao-in-hong-kong\/"},"modified":"2023-09-26T10:30:40","modified_gmt":"2023-09-26T10:30:40","slug":"chinese-e-commerce-giant-alibaba-plans-to-list-its-logistics-unit-cainiao-in-hong-kong","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=22265","title":{"rendered":"Chinese e-commerce giant Alibaba plans to list its logistics unit Cainiao in Hong Kong"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Alibaba<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing on Tuesday.<\/p>\n<p>Alibaba will continue to hold more than 50% of the shares of Cainiao after the spinoff.<\/p>\n<p>The move is part of one of the most radical shake-ups in Alibaba&#8217;s history. In March, the company said it will split its structure into six business units, the majority of which will be able to raise outside funds and go public.<\/p>\n<p>Cainiao is the first of these businesses to officially file for an initial public offering (IPO). Alibaba said that there is &#8220;no assurance&#8221; that the proposed spinoff will take place.<\/p>\n<p>Alibaba said the Hong Kong Stock Exchange has confirmed that the Cainiao listing may go ahead. The exchange did not immediately respond to a CNBC request for comment.<\/p>\n<p>Details have yet to surface on the pricing of shares or on the expected listing date.<\/p>\n<p>Founded in 2013, Cainiao is a logistics network that helps Alibaba fulfil deliveries placed on its e-commerce platforms both in China and abroad. Alibaba aims to fulfil consumer orders within 24 hours in China and within 72 hours anywhere else in the world.<\/p>\n<p>The company took a majority stake in Cainiao in 2017 and holds a nearly 70% interest as of Tuesday. <\/p>\n<p>Delivery speed is a point of competition among Chinese e-commerce firms. Alibaba rival JD.com has focused on same-day delivery to boost the appeal of its platform among Chinese shoppers.<\/p>\n<p>Alibaba said the IPO will enhance Cainiao&#8217;s &#8220;standalone profile among its customers, suppliers and potential strategic partners, which will help Cainiao to be in a better position to negotiate and solicit more business.&#8221;<\/p>\n<p>The Chinese giant added said that the listing will &#8220;lead to a more direct alignment of the responsibilities and accountability of the management&#8221; of both Alibaba and Cainiao with their operating and financial performance.<\/p>\n<p>The Cainiao IPO plans come after Alibaba announced a major leadership reshuffle in June, when former CEO Daniel Zhang stepped down and was replaced by Eddie Wu. Zhang, who retained leadership of the cloud computing unit, then made a surprise move this month to exit that business. Wu took over as the head of Alibaba&#8217;s cloud division.<\/p>\n<p>As well as Cainiao, Alibaba is also looking to list its cloud computing business, though it has not officially filed for a spinoff.<\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/09\/26\/alibaba-plans-to-ipo-its-logistics-unit-cainiao.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing on Tuesday. Alibaba will continue to hold more than 50% of the shares of Cainiao after the spinoff. The move is part of one of the most radical shake-ups in Alibaba&#8217;s history.<\/p>\n","protected":false},"author":1,"featured_media":22266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-22265","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese e-commerce giant Alibaba plans to list its logistics unit Cainiao in Hong Kong | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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