Alibaba's grocery arm gearing up for IPO in Hong Kong — sources (April 20): Freshippo, the Alibaba Group Holding Ltd grocery chain known for selling cooked lobsters and grouper freshly chosen from fish tanks in the store, has started preparations for a Hong Kong initial public offering (IPO), people familiar with the matter said. The company is working with banks including China International Capital Corp (CICC) and Morgan Stanley to help prepare for the first-time share sale of the unit, known in Chinese as Hema, the people said.

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