HANGZHOU, China: Chinese e-commerce company Alibaba Group Holding Ltd has decided not to list its shares in Hong Kong, but has not yet committed to listing on any other exchange, including the New York Stock Exchange, chief executive officer Jonathan Lu said.
The company, founded in 1999 by billionaire Jack Ma, had planned to list on the Hong Kong stock exchange in an initial public offering that analysts and bankers have said could raise up to US$15bil.
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