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Top related persons:
London CNN — Alibaba - 1 Cainiao - 1 Alibaba - 1 Eddie Wu - 1 Perris Lee - 1
Top related locs:
Hong Hong Kong Dealogic
Top related orgs:
London CNN - 1 Alibaba - 1 Cainiao Smart Logistics Network - 1 Hong Kong Stock Exchange - 1 CNN - 1

Search resuls for: "Perris Lee"


2 mentions found


☆ Cainiao IPO: Alibaba's logistics business will go public in first IPO from the new-look tech giant
  + stars: | 2023-09-26 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Alibaba said Tuesday that it would spin off Cainiao, its logistics arm, in what will be the conglomerate’s first initial public offering since it announced a sweeping revamp of its business earlier this year. Cainiao will remain a subsidiary of Alibaba. Founded in 2013, Cainiao operates a global logistics network and provides delivery services for Alibaba and other firms. Alibaba is now beginning to follow through with the most ambitious restructuring in its 24-year history, under new leadership. Cainiao’s listing could provide a much-needed boost to Hong Kong’s beleaguered IPO market.
Persons: London CNN — Alibaba, Cainiao, Alibaba, Eddie Wu, Perris Lee Organizations: London CNN, Alibaba, Cainiao Smart Logistics Network, Hong Kong Stock Exchange, CNN Locations: Hong, Hong Kong, Dealogic
☆ Metals-rich Indonesia’s IPO market is so red-hot it’s thrashing Hong Kong and India
  + stars: | 2023-05-28 | by ( Anna Cooban | ) edition.cnn.com   time to read: +7 min
It has overtaken Hong Kong — long one of the top IPO markets — for the first time since 1995, and is outpacing economic powerhouses India, South Korea and Japan. Global IPO slowdownPart of Indonesia’s IPO success this year can be explained by lackluster performances elsewhere. The US IPO market, usually the world’s largest, has suffered given its reliance on particularly rate-sensitive tech companies, Lee said. Mining company Harita Nickel raised $660 million in its market debut last month, Indonesia’s biggest listing so far this year. “Our increasing conviction in [Indonesian companies] comes from how its government maximizes the potential of its bountiful raw materials,” he wrote.
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