Cainiao, an Alibaba logistics subsidiary, is planning to issue a public REIT backed by its logistics park in Jiaxing. The company has submitted its application to the China Securities Regulatory Commission and the Shenzhen Stock Exchange. This move aligns with the ongoing trend of logistics and related companies in China pursuing REITs since the pilot program began in 2020. AI
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RANK_REASON Company is pursuing a public REIT issuance, a significant financial move within its industry.