Alibaba to spin-off and list Cainiao

Hong Kong, 26th September: China’s leading e-commerce company, the Alibaba Group, announced that the company intends to spin-off Cainiao as a separate listing on the main board of the Hong Kong Stock Exchange (HKEx).

Alibaba has submitted a spin-off proposal to HKEx and the exchange has confirmed that the company may proceed with the proposed spin-off. After the new listing is complete, Alibaba will continue to own more than 50% Cainiao, and as a result, Cainiao will remain a subsidiary of Alibaba.