--Alibaba Group's global online-shopping unit, which includes major e-commerce brands Lazada and AliExpress, is weighing a U.S. initial public offering, Bloomberg reports, citing people familiar with the matter.

--The IPO size has yet to be determined, but there are talks with banks that could potentially help prepare for the IPO next year, Bloomberg cited an unnamed source as saying.

Full story: bit.ly/3VwoNwV

Write to Singapore Editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

May 04, 2023 07:14 ET (11:14 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Alibaba (NYSE:BABA)
Historical Stock Chart
Von Sep 2023 bis Okt 2023 Click Here for more Alibaba Charts.
Alibaba (NYSE:BABA)
Historical Stock Chart
Von Okt 2022 bis Okt 2023 Click Here for more Alibaba Charts.