The e-commerce giant is in the early stages of consideration and the IPO's size is yet to be determined, the report added. The business group is in talks with banks that could potentially help prepare for the IPO next year, according to the report.
However, in an emailed statement to Reuters, Alibaba Digital Commerce Group said, "Currently, there is no IPO plan".
In March, Alibaba said it was planning to split into six
units and explore fundraisings or listings for most of them, in
a major revamp as China vows to ease a sweeping regulatory
crackdown and support its private enterprises.
Analysts at the time had said the breakup could ease
scrutiny over the tech giant whose sprawling business has been a
target of regulators for years.
(Reporting by Manya Saini and Samrhitha Arunasalam in
Bengaluru; Editing by Krishna Chandra Eluri)
