Cainiao Group intends to apply for the issuance of a public real estate investment trust (REIT) using its Jiaxing logistics park project as the underlying asset. The application has been submitted to the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

Public information indicates that the Cainiao Jiaxing Park serves as a core hub within Cainiao's supply chain network in the Yangtze River Delta region.

Since the launch of the REIT pilot program in China in 2020, multiple companies in the logistics and related sectors have either completed REIT issuances in the logistics field or are currently advancing such projects. Utilizing REITs enables companies to effectively unlock the value of their assets, providing ongoing financial support for the subsequent development of global logistics networks and technological investments.

Cainiao's move to issue a public REIT demonstrates its commitment and increased efforts to continuously enhance its logistics network, operations, and technological capabilities. Over the past year, Cainiao has achieved sustained breakthroughs in both domestic and international logistics, with steady growth in global supply chain, cross-border logistics, and overseas express delivery services. Concurrently, its logistics technology commercialization has yielded significant results, with growth rates leading the industry.