Alibaba logistics arm eyes up to $2b in Hong Kong IPO

Alibaba logistics arm eyes up to $2b in Hong Kong IPO

FILE PHOTO: Cainiao's logo, Alibaba's logistics unit, is seen at the warehouse in Wuxi, Jiangsu province, China October 26, 2020. Picture taken October 26, 2020. REUTERS/Aly Song/File Photo

Alibaba’s logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub.