Thu. Nov 21st, 2019

Alibaba to delay Hong Kong listing amid unrest: report

1 min read

Alibaba Group Holding Ltd

BABA, -0.60%

has delayed its up to $15 billion listing in Hong Kong, Reuters reported, citing two people with knowledge of the matter. While no new timetable has been formally set, Alibaba could potentially launch the deal as early as October, still seeking to raise $10 billion-$15 billion, the report added. The delay was due to the lack of financial and political stability in Hong Kong, the report said.

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