Axar.az
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22 September 2019


Alibaba postpones up to $15 billion Hong Kong listing

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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.

Date
2019.08.21 / 11:08
Author
Axar.az
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