Equities

Reuters alone in reporting Alibaba postpones up to $15 billion Hong Kong listing amid protests

Reuters alone in reporting Alibaba postpones up to $15 billion Hong Kong listing amid protests

Reuters was alone in reporting that Chinese e-commerce giant Alibaba has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub. While no timetable has been set, Alibaba could potentially launch the deal as early as October, still seeking to raise $10 billion-$15 billion, depending on whether political tensions have eased and market conditions become more favorable, according to a Reuters source.