China: may take logistic business public

On January 24, during the World Economic Forum in Davos, CEO Liu Qiangdong said that might take its logistics business public and consider a dual listing. It means that the company will be presented on both the Hong Kong and Mainland China stock exchanges.

Reuters reported that has already begun a fundraising round. They are expected to get at least 2 billion US dollars. Chinese investment companies Hillhouse Capital Group and Sequoia Capital China would likely be lead investors. At this moment, fully owns it's logistics business.

Source: CNBC

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