[Another one! Alibaba announced plans to split Cainiao listed logistics companies why pile up Hong Kong stocks?] On the evening of September 27, Hong Kong Stock Exchange documents, Cainiao Smart Logistics Network Co., Ltd. submitted an application for listing to the Hong Kong Stock Exchange. Some institutional sources told Caiyan reporters that Rookie was previously in the domestic market, with lighter assets and more of a role as a technology integrator. At present, Cainiao is also trying to explore some heavy asset directions, and its future development still depends on whether it can integrate its business model.