Equities

Reuters exclusively reports Alibaba to resume Hong Kong listing plans as soon as November

Reuters exclusively reports Alibaba to resume Hong Kong listing plans as soon as November

Reuters reported exclusively that Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year. Alibaba plans to seek listing approval from Hong Kong Exchanges and Clearing Ltd shortly after the Chinese e-commerce giant’s online retail frenzy Singles Day on Nov. 11 and may list its shares towards the end of November or in early December.