Alibaba Group Holding’s logistics arm, Cainiao Network Technology, that is currently valued at more than $20 billion, has started preparations with banks for its Hong Kong initial public offering.
This comes after the Chinese tech giant announced that it will split its empire into six business unites.
Chinese tech stocks also jumped following the news.
It seems very vibrant now and is the a sign of easing of China's tech crackdown?
On Bigger Picture, Willie Keng finds out from Chong Ser Jing, Co-founder and portfolio manager of Compounder Fund.