Alibaba founder says will

Business


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

Japan watchdog: Apple may have breached antitrust rules with iPhone
May warns rebels – Back me or risk
All migrant kids under five to be back with parents by Thursday:…
Japan flood toll nears 200, sun scorches thousands battling thirst
Scientists peer into heart of hurricanes to improve intensity forecast

Leave a Reply

Your email address will not be published.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