Hong Kong listing

Alibaba raises up to $12.9 billion in landmark Hong Kong listing

Chinese e-commerce giant Alibaba Group raised up to $12.9 billion (£10 billion) in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.

Nov 20, 2019, 21:30 PM IST

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

A 661-page draft prospectus for what looks set to be the world`s biggest cross-border secondary listing shows Alibaba plans to use the money to invest in online delivery and local services platform Ele.me, as well as online travel group Fliggy.

Nov 13, 2019, 23:00 PM IST