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Alibaba plans to IPO its logistics unit Cainiao

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An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.

Aly Song | Reuters

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

This is a breaking news story. Please check back for more.

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