Less than two months after Alibaba's split, some departments have already begun planning to go to Hong Kong for an IPO.。

It is understood that Alibaba's logistics company Cainiao Network Technology plans to conduct an initial public offering (IPO) in Hong Kong early next year to raise up to about $2 billion.。The move also boosted hopes for a capital market recovery in Hong Kong as Asia's financial centre.。

Specifically, people familiar with the matter said that Alibaba's logistics division plans to launch an IPO in Hong Kong in early 2024, with plans to raise $1 billion to $2 billion.。People familiar with the matter also said that these plans have not yet been finalized, so subsequent changes are still possible.。

If the IPO is successful in Hong Kong, then the IPO should be the initial public financing after the spin-off of Ali's business。

On March 28, Zhang Yong, Chairman and CEO of Alibaba Group, issued a letter to all employees, "Only self-change can create the future."。The letter mentioned that Alibaba will launch a new round of corporate governance reform, business groups and business companies will set up a board of directors, the implementation of the CEO responsibility system under the leadership of the board of directors of each business group and business company, Alibaba Group will be fully towards the management model of the holding company.。

Ali Group will build a "1 + 6 + N" organizational structure。According to the plan, under Alibaba Group, six major business groups, including Alibaba Cloud Intelligence, Taobao Tmall Business, International Digital Business, Local Life, Cainiao, and Big Entertainment, and "N" business companies (such as Ali Health and Box Horse) will be established, and other companies will also conduct independent operation and management accordingly.。

In addition, Zhang Yong also released an important signal in the letter: "The market is the best touchstone, in the future, qualified business groups and companies will have the possibility of independent financing and listing."。Zhang Yong also said, "I hope Alibaba can grow out of a number of listed companies in the future, a number of listed companies below after a few years and can have children again, and out of a few more listed companies."。In this way, Alibaba's business is really heading for prosperity.。"

In 2013, Alibaba Group, Yintai Group, Fosun Group, Fuchun Group, Shentong, Yuantong, Zhongtong, Yunda and related financial institutions jointly established Cainiao Logistics.。In September 2017, Alibaba announced that it would use 5.3 billion yuan to increase its stake in Cainiao Network, and after the capital increase, Alibaba's stake in Cainiao will increase from 47% to 51%, and one new director seat will be added, thus accounting for four of the seven seats on the board of directors.。

Ma Yun once announced a great ideal when Cainiao was founded, hoping that through the construction of China's intelligent backbone network, 2,000 cities in China can shop online anywhere, and the goods will be delivered 24 hours a day.。

Over the years, the rookie has made great contributions to Ali.。On February 23, Alibaba released its third-quarter fiscal 2023 results.。

According to the financial report, Ali achieved revenue of 2477.600 million, up 2% year-on-year, with revenue from external customers accounting for 72% of total revenue; net profit attributable to common shareholders was 468.1.5 billion yuan, net profit of 457.4.6 billion yuan, up 138% year-on-year。

Among them, Cainiao's revenue growth is strong, showing a high-quality development trend.。In the quarter ended December 31, 2022, Cainiao's revenue increased 17% year-over-year to 230 before offsetting the impact of cross-segment transactions..2.3 billion yuan。After offsetting cross-segment transactions, Cainiao's single-quarter revenue rose 27% year-over-year to 165.5.3 billion yuan。

In addition, from a global perspective, Cainiao has built seven large core logistics hubs, including 2 million square meters of bonded warehouses and overseas warehouses, not only covering six continents, 174 countries and regions in the world, but also among the world's four major cross-border logistics networks, with the three major overseas express giants FedEx, DHL, UPS stand on the same level, for Ali to make a great contribution to the sea.。

Finally, it is worth noting that in the past few years, many Chinese Internet companies have chosen to list in Hong Kong.。Compared to Nasdaq and NYSE, Hong Kong has a lower threshold for listing and a more flexible listing system and regulatory environment.。Therefore, it is also a reasonable choice for Cainiao Network to choose to list in Hong Kong.。