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.
HONG KONG: China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to US$15bil listing in Hong Kong amid growing political unrest in the Asian financial hub, sources told Reuters.
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.
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