China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed it's up to $15 billion listings in Hong Kong amid growing political unrest in the Asian financial hub.

Alibaba’s Hong Kong-listing plans are being closely watched by the financial community for indications on the business environment in the Chinese-controlled territory and provides a window into Beijing’s reading of the situation.

While no new timetable has been formally set, Alibaba could launch the Hong Kong deal as early as in October, seeking to raise $10-$15 billion, when political tensions ease and market conditions become favorable again, said one of the people.