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Hema Fresh completes its spin off and listing in November
Release time:
2023-06-26
On June 26th, Hong Kong media reported that Alibaba's new retail platform, Hema Fresh, will complete its listing in November. Hema Fresh stated to Pengpai News that it would not comment on this matter.
On June 26th, Hong Kong media reported that Alibaba's new retail platform, Hema Fresh, will complete its listing in November. Hema Fresh stated to Pengpai News that it would not comment on this matter.
According to the Hong Kong Economic Daily, as a new retail platform driven by data and technology under Alibaba, Hema Fresh is intensifying its preparations for listing. In the next two weeks, it will apply for a spin off listing in accordance with the 15th application guide (PN15) of the listing rules. This will also be the first company to complete its IPO after Alibaba's restructuring and spin off.
On the evening of May 18th, Alibaba Group announced that if progress goes smoothly, Alibaba Cloud will go public in the next 12 months after being completely spun off from Alibaba Group. Cainiao and Hema will launch their marketing plans, with the former expected to be completed within the next 12 to 18 months and the latter expected to be completed within the next 6 to 12 months. Alibaba International Digital Business Group has also launched external financing to support its rapid expansion in the global market.
In March of this year, Zhang Yong, Chairman and CEO of Alibaba Group, issued a letter to all employees announcing the launch of the "1+6+N" organizational change. Under the Alibaba Group, six major business groups and multiple business companies will be established, including Alibaba Cloud Intelligence, Taobao Tmall Business, Local Life, Cainiao, International Digital Business, and Da Wen Yu. Business groups and companies that meet the conditions will have the possibility of independent financing and listing. After this organizational change, Alibaba Group will fully implement holding company management.
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Add:1188 Xinsong Steam Road, Liantang Town Industrial Park, Qingpu, Shanghai
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