Reuters exclusively reports Alibaba to resume Hong Kong listing plans as soon as November | Reuters News Agency

Reuters exclusively reports Alibaba to resume Hong Kong listing plans as soon as November

Reuters reported exclusively that Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year. Alibaba plans to seek listing approval from Hong Kong Exchanges and Clearing Ltd shortly after the Chinese e-commerce giant’s online retail frenzy Singles Day on Nov. 11 and may list its shares towards the end of November or in early December.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia
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