Alibaba founder says will


SHANGHAI (Reuters) – Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, in response to an invitation from the financial hub’s leader asking the company to consider doing so.

Ma made the comments at an event in Hong Kong on Monday, an Alibaba spokeswoman said. His comments, which follow Hong Kong’s decision to allow dual class share listings, were first reported by the South China Morning Post.

Hong Kong Chief Executive Carrie Lam said in a speech during the event that she hoped Alibaba would consider returning to Hong Kong to list.

“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.

The Alibaba spokeswoman said there were no further details available on what any Hong Kong listing plan could involve.

Reporting by Brenda Goh; Editing by Himani Sarkar

Source link

Products You May Like

Articles You May Like

Senator Sanders introducing bill targeting opioid manufacturers
Cosby lawyer to sex assault accuser:
Reuters wins Pulitzers for Philippine reporting, Myanmar photography
Golf: Kodaira triumphs at Hilton Head for first PGA Tour win
Students to walk out across United States in call for gun reform

Leave a Reply

Your email address will not be published. Required fields are marked *