China’s biggest E-commerce company Alibaba postpones up to $15 billion Hong Kong listing due to protest
China’s biggest E-commerce company Alibaba Group has delayed its up to $15 billion dollar listing in Hong Kong due to political unrest in Hong Kong: sources
Alibaba could deal as early as in October, but the time has been not set so far. The company seeking to raise $10 – $15 billion by listings. When the political tension ease and market become favorable, they will list.
The issue delayed due to lack of financial and political stability in Hong Kong Government. Last week Hong Kong stock market fell 7 month low.