Stock listing: Customers and partners of Alibaba digital economy pose for a photograph during the company's listing ceremony at the Hong Kong Stock Exchanges. Alibaba raised about US$11bil in a long-awaited Hong Kong stock sale. — Bloomberg
HONG KONG: Alibaba Group Holding Ltd rose 7.7% in its Hong Kong debut, capping a landmark share sale that unfolded during violent anti-government protests.
Chairman Daniel Zhang, lieutenants wearing Alibaba lapel pins and Hong Kong dignitaries were on hand to strike the opening gong yesterday at a celebration of the city’s biggest stock listing this year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
