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The global fashion business journal

23 Aug 201902:06

Alibaba considers to enter Hong Kong’s stock market

Ecommerce Chinese platform strives to obtain a value worth 20,000 million dollars in the operation, which has planned to close in the second semester of the year.

28 May 2019 — 19:00
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Alibaba considers enter Hong Kong’s stock market on US-China commercial war

 

Alibaba gropes its leap to Hong Kong’s trading floor. Chinese ecommerce platform, currently quoting in New York’s stock market, is planning a second flotation, this time in Hong Kong.

 

Chinese giant strives to obtain a value of 20,000 million euros in the operation, which has planned to close in the second semester of the year, according to Bloomberg. In its debut in New York five years ago, the group obtained 25,000 million dollars.

 

The company took the leap to New York’s trading floor because Hong Kong’s stock market rules did not allow the corporative structure of Alibaba. Now, after the change of regulation, the group has had green light for its entrance in Hong Kong’s stock market.

 

With the operation, Alibaba’s aim is to diversify resources and reinforce its position in the transformation context that is happening in the sector. Company’s plans also go through allowing SME from other countries to integrate in AliExpress platform to offer products from outside China.

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