This announcement is a separate document:
阿里巴巴-SW：擬議分拆菜鳥智慧物流網絡有限公司並在香港聯合交易所有限公司主板獨立上市
BABA-SW: PROPOSED SPIN-OFF AND SEPARATE LISTING OF CAINIAO SMART LOGISTICS NETWORK LIMITED ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED
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