alibaba group holding limiteds baba grocery arm freshippo will likely go public on the hong kong stock exchange by midnovember the ipo would make it the first alibaba subsidiary to list independently after its highly publicized restructuring plans freshippo offers walmart inc wmt sams clublike supermarket experience with a dinein restaurant and 30minute home delivery hema operates 300 new retail stores including membership stores under its hema x brand and discount hema outlets stores mainly in chinas tier1 cities in january 2022 freshippo weighed raising funds at a valuation of 10 billion price action baba shares traded higher by 143 at 8669 premarket on the last check tuesday