Cainiao Network Technology, the logistics arm of Alibaba Group Holding, has started preparations to become the first of the tech giant's six units to go public, Caixin learned from multiple market participants.
Caixin
Alibaba logistics arm Cainiao gears up for Hong Kong IPO
Move comes as Chinese tech giant divides into 6 units in historic overhaul
Cainiao’s headquarters in Hangzhou, the capital of China's Zhejiang province.
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