Alibaba Listing in Hong Kong

Alibaba Group Holdings Co., Ltd. (Ali) announced on November 15 that it officially launched Hong Kong listing on the same day. Alibaba has won approval from the Hong Kong stock exchange for a secondary listing in the city to raise as much as $15bn,according to two people familiar with the matter, in what is set to be one of the world’s biggest fundraisings this year

Daniel Zhang, Alibaba’s chief executive , said that when Alibaba first went public in 2014, it regretted missing Hong Kong. Hong Kong is one of the most important financial centers in the world. In the past few years, there have been many encouraging and significant reforms in Hong Kong’s capital market. Ali hopes to actively participate in the future construction of Hong Kong.

Daniel Zhang, Alibaba’s chief executive ，said on Friday that “during this time of ongoing change, we continue to believe that the future of Hong Kong remains bright”, calling the city “one of the world’s most important finance centres”.

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