Alibaba to list its logistics unit Cainiao as part of historic shakeup

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Alibaba to list its logistics unit Cainiao as part of historic shakeup
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Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing Tuesday.

Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the company the Chinese e-commerce giant said in a regulatory filing Tuesday.

The move is part of one of the most radical shakeups in Alibaba's history. In March, Alibaba said it will split the company into six business units, with the majority able to IPO.

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