While its 17.1% operating profit margin and over 50% revenue growth rate are the envy of many Western retailers, Alibaba trades at a deep discount to them at just 25 times forecast earnings, compared to 85 times for Amazon.
SHANGHAI (Reuters) - Alibaba's Hong Kong listing will not only land it US$13.4bil, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
The share sale, set to be Hong Kong's largest in more than nine years, comes as Beijing seeks support from businesses and entrepreneurs in the face of anti-government protests there.
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