BBG: Alibaba’s Cainiao plans to raise at least $1bn in Hong Kong IPO soon
BLOOMBERG reports: Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., is planning to ...
PRESS RELEASE
[24 October 2022] – Cainiao Network, (“Cainiao”), the logistics arm of Alibaba Group Holding Limited,
today announced its partnership with DSers, one of the leading e-commerce solutions providers, to
provide 1.2 million cross-border merchants and/or dropshippers with end-to-end smart logistics solutions
in 130 countries and regions globally. By leveraging Cainiao’s newly-launched express courier shipping
service, parcels can be delivered to consumers in key markets such as the United States, Brazil, the United
Kingdom, France, Germany and Spain, in as ...
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