Possible Alibaba listing gives Hong Kong exchange a boost
Shanghai/Hong Kong — Alibaba will "seriously consider" listing in Hong Kong, founder Jack Ma says, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. Ma made the comments at an event in the city on Monday, in response to remarks by Hong Kong CE Carrie Lam about how she hoped Alibaba would consider returning to Hong Kong to list, an Alibaba spokeswoman said. "Daring to speak like this marks a strong commitment so we will definitely seriously consider the Hong Kong market," Ma said in response to Lam’s speech, according to a transcript provided by Alibaba. When asked by reporters about his comments after he met President Emmanuel Macron in Beijing on Tuesday, Ma said Alibaba was considering listing subsidiaries in Hong Kong, without elaborating. Macron is on the second leg of a three-day state visit in China. The Alibaba spokeswoman said there were no further details available on what any Hong Kong listing plan could invo...
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