reit

Alibaba Group's New Step: Preparations for Infrastructure REIT Listing! 🏢🚀

Alibaba Group (09988.HK) has announced a major decision to spin-off its infrastructure assets. The company is going to list its 'Jiaxing Park' property as a REIT (Real Estate Investment Trust) on the Shenzhen Stock Exchange.

Key Points:

✅ Spin-off Details: This includes the Jiaxing Park assets under Jiaxing Chuanyun and Jiaxing Chuanxiang.

✅ Regulatory Approval: Approval has been received from the HKEX on March 13, 2026.

✅ Process: CICC Fund Management will act as this public fund manager.

✅ Result: After this process, the project company will no longer be a subsidiary of Alibaba and will not be consolidated into the group's accounts.

This move is a major step towards Alibaba's asset-light strategy and financial restructuring.
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#Alibaba #StockMarket #REIT #BusinessNews #Investment #Infrastructure