Morningstar

Alibaba Gets Hong Kong Exchange Approval to Spin off Infrastructure REIT

Provided by Dow Jones

By Tracy Qu 




  Alibaba Group has obtained approval from the Hong Kong bourse to proceed with spinning off some of its infrastructure assets via the listing of a real estate investment trust in mainland China. 



  Alibaba aims to list the infrastructure REIT on the Shenzhen Stock Exchange, the Chinese tech giant said in a filing late Monday. The REIT's underlying asset is Jiaxing Park, a logistics and warehousing complex located in China's Zhejiang province. 



  The move marks a significant step for Alibaba as it seeks to monetize its logistics assets. The company had previously planned to list logistics arm Cainiao, but withdrew the application in March 2024, citing unfavorable market conditions. 



  Alibaba said the REIT's listing remains subject to separate approvals from the Shenzhen bourse and China's securities regulator. 





  Write to Tracy Qu at tracy.qu@wsj.com 





  (END) Dow Jones Newswires



  April 27, 2026 22:55 ET (02:55 GMT)


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