According to news on May 8 from Guanguan New Media, market sources said that Cainiao, Alibaba’s logistics subsidiary, plans to IPO in Hong Kong in early 2024, aiming to raise up to US$2 billion.

In other respects, recently, in the West Science and Technology Corridor of Hangzhou City, Zhejiang Province, the first phase of the Cainiao Global Headquarters project with a total investment of 2.1 billion yuan was officially delivered.

The Company One of China Construction Third Engineering Bureau is the construction party of the project. Xu Jiawei, the person in charge of the project, said that they have comprehensive and precise management and control. According to the integrated construction concept, the secondary structure of the main building and the basement is cast in one time and completed in one time, and it is completed and filed 105 days in advance.

The first phase of the Cainiao Network Global Headquarters project has a total construction area of 296,000 square meters and is planned to be built into the Cainiao Smart Valley. This is an industrial office park centered on digital supply chain, new technology, new retail, and new manufacturing. Based on the global industrial resources and capabilities of Alibaba and Cainiao, it will provide high-quality office space, operation management and industrial supporting services for upstream and downstream enterprises and ecological partners.