Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com May 8 news, at the end of March this year, Alibaba Group Chairman and Chief Executive Officer Zhang Yong issued a full letter to start a new round of corporate governance reform. The biggest change in this adjustment is the spin-off of six business groups, all of which have the possibility of financing or listing independently.

Alibaba's logistics subsidiary Cainiao plans to raise up to $2 billion (currently about 13.82 billion yuan) at IPO in Hong Kong in early 2024, according to Reuters. In this regard, the relevant person in charge of the Alibaba Group Cainiao responded to Penbai News that there was no clear listing plan for the time being. The person in charge of Alibaba Group Cainiao responded that he did not comment on the market rumors.

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

When Cainiao was founded, Jack Ma said he hoped that through the construction of China's intelligent backbone network, 2000 cities across China would shop online anywhere, and goods would be delivered 24 hours a day. "this is a great ideal."

Today's rookies are getting richer. Judging from the performance, the annual revenue of Cainiao reached 63.8 billion yuan in 2022, a substantial increase from 52.5 billion yuan in 2021 and double that of 32.25 billion in 2021.

Hurun listed the world's unlisted companies worth more than $1 billion since it was founded in 2023 in its previously released Global Unicorn list. Among them, Cainiao Network, Polar Rabbit Express, Lala cargo, JD.com production and Development, Fengnest Technology, Didi Freight, Zhongtong Express, Shun Feng Express, punctual and other Chinese enterprises have been shortlisted one after another.

According to the list, Cainiao ranked 10th with a value of 185 billion yuan, which is one of the four Chinese companies in Top10 (the other three are Ant Group in 830 billion, Shein in 450 billion and WeBank in 230 billion).

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