Alibaba’s plan to list Cainiao logistics hub as Reit will ‘unlock’ value, analysts say

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Alibaba Group Holding’s plan to package a key warehousing hub into a real estate investment trust (Reit) for public listing will benefit the company and its shareholders by redeploying capital into higher-growth opportunities, according to analysts.Alibaba, which two years ago scrapped a plan to publicly list its Cainiao logistics operation, said in a filing on Monday that it had received regulatory approval from the Hong Kong stock exchange to proceed with a proposal to spin off a certain...