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Love the cat but there’s a lot to unpack
Chinese monolith Alibaba intends to IPO its logistics business Cainiao, listing it on the Hong Kong Stock Exchange.
How investors respond, some could argue, will serve as a roadmap for other logistics services providers considering a public listing – think of* long-standing candidate De Well – as well as Alibaba’s other peripheral businesses. Is that true?
(*…with the appalling JD Logistics Hong Kong IPO – which has led to massive value destruction so far – in mind.)
Open sesame
To understand Cainiao, we ...
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