Alibaba’s possible $15bn fall listing: A boon for Hong Kong?
5 years, 2 months ago

Alibaba’s possible $15bn fall listing: A boon for Hong Kong?

Al Jazeera  

The e-commerce giant’s listing could boost the Asian financial hub as it struggles with anti-government protests. Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10bn to $15bn in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests. The United States-listed Chinese e-commerce giant is due to seek approval from Hong Kong‘s listing committee this week, two people with direct knowledge of the matter said. The e-commerce giant’s Hong Kong listing would also set up a year-end rush for global equity markets, with the Saudi government planning to sell two percent of oil giant Aramco in a deal that could raise up to $30bn and topple Alibaba’s own initial public offering record. Hong Kong timing Alibaba had initially been working on an August listing in Hong Kong, but put the deal on hold as anti-government protests in the city created financial and political uncertainty.

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History of this topic

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings
4 weeks ago

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings

Live Mint  

Hong Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months. Such listings could help lift Hong Kong’s initial public offering volumes to about $15 billion in 2025, according to a forecast by KPMG LLP, compared to $10.5 billion so far this year. “We expect Hong Kong …

China regulators tell banks to expedite offshore company listings, sources say
1 month ago

China regulators tell banks to expedite offshore company listings, sources say

The Hindu  

Regulators in mainland China and Hong Kong have told some of the world's biggest investment banks to help speed up Chinese companies' listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world's No. In a similar move, Hong Kong's bourse operator has also initiated one-on-one meetings with major global and Chinese banks since …

Alibaba eyes windfall gains from HK move
4 months, 2 weeks ago

Alibaba eyes windfall gains from HK move

China Daily  

Tech heavyweight Alibaba Group Holding Ltd said on Friday its voluntary conversion of secondary listing to primary listing on the Hong Kong stock exchange will become effective on Wednesday, a move experts said will attract billions of dollars in investment from the Chinese mainland via the stock connect program linking the Shanghai, Shenzhen and Hong Kong bourses. "The dual primary …

Alibaba eyes windfall gains from HK move
4 months, 2 weeks ago

Alibaba eyes windfall gains from HK move

China Daily  

Tech heavyweight Alibaba Group Holding Ltd said on Friday its voluntary conversion of secondary listing to primary listing on the Hong Kong stock exchange will become effective on Wednesday, a move experts said will attract billions of dollars in investment from the Chinese mainland via the stock connect program linking the Shanghai, Shenzhen and Hong Kong bourses. "The dual primary …

Alibaba eyes windfall gains from HK move
4 months, 3 weeks ago

Alibaba eyes windfall gains from HK move

China Daily  

Tech heavyweight Alibaba Group Holding Ltd said on Friday its voluntary conversion of secondary listing to primary listing on the Hong Kong stock exchange will become effective on Wednesday, a move experts said will attract billions of dollars in investment from the Chinese mainland via the stock connect program linking the Shanghai, Shenzhen and Hong Kong bourses. "The dual primary …

Chinese shares jump as Beijing steps up moves to boost sagging markets
11 months, 1 week ago

Chinese shares jump as Beijing steps up moves to boost sagging markets

Associated Press  

BANGKOK — A Chinese state investment fund promised to expand its purchases of stock index funds, among other moves signaling Beijing’s resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares in Shanghai and Hong Kong surged Tuesday after the announcement by Central Huijin Investment, whose subsidiaries include Chinese state-owned …

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit
1 year, 1 month ago

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit

Associated Press  

HONG KONG — Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday that plans to spin off its cloud business were scrapped, citing uncertainties due to U.S. chip restrictions. Alibaba Chairman Joe Tsai said Thursday during an earnings call that a spinoff of its cloud unit “may not achieve …

China deal slump sends bankers’ fees to decade low
1 year, 2 months ago

China deal slump sends bankers’ fees to decade low

Live Mint  

American and European investment banks prospered in the Asian financial hub over the past decade by helping hundreds of Chinese companies raise money from international stock and bond sales. U.S. dollar high-yield bond issuance by Chinese companies has gone to zero, Hong Kong’s market for initial public offerings is in a deep slumber, and its stock market’s long losing streak …

Amp up HK's finance in tandem with mainland
1 year, 8 months ago

Amp up HK's finance in tandem with mainland

China Daily  

Despite the COVID-19 pandemic and geopolitical situation that have led to global supply chain disruptions, as well as high inflation, interest rate hikes and tightened monetary conditions, the Hong Kong Special Administrative Region government and the city's finance sector have remained steadfast in safeguarding Hong Kong's position as a premier international financial center. Offshore Renminbi business services and mutual market …

For Alibaba, Six Is Bigger Than One—And a Smaller Target
1 year, 9 months ago

For Alibaba, Six Is Bigger Than One—And a Smaller Target

Live Mint  

Six is bigger than one. The core Chinese e-commerce business will stay wholly owned by Alibaba but each of the other units could seek their own funding, and maybe eventually conduct initial public offerings. Analysts from Goldman Sachs and Morgan Stanley have both said the market is currently valuing Alibaba’s businesses outside its core Chinese e-commerce segment at zero. Alibaba’s …

Chinese regulators approve capital expansion for Ant Group
2 years ago

Chinese regulators approve capital expansion for Ant Group

Associated Press  

HONG KONG — Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. The China Banking and Insurance Regulatory Commission in the southwestern city of Chongqing said in …

Alibaba posts loss, slower revenue amid lower consumption
2 years, 1 month ago

Alibaba posts loss, slower revenue amid lower consumption

Associated Press  

HONG KONG — Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment. Revenue grew 3% compared to the same time last year to 207.2 billion yuan, as the company saw decreased consumer spending as China continued its strict COVID-19 policies …

Alibaba revenue beats expectations despite contraction
2 years, 5 months ago

Alibaba revenue beats expectations despite contraction

Associated Press  

HONG KONG — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and its net income plunged 50%. Alibaba reported revenues of 205.6 billion for its quarter ended June, down 0.1% from the same period last year but still better than the average analyst estimate …

Alibaba vows to work for dual-listing
2 years, 5 months ago

Alibaba vows to work for dual-listing

China Daily  

Alibaba Group's booth during an expo in Fuzhou, Fujian province. Alibaba Group Holding Ltd said on Monday it will work to maintain its listing status on both the New York Stock Exchange and the Hong Kong stock exchange after the US securities regulator added the tech heavyweight to a list of Chinese mainland companies that face possible delisting. More US-listed …

Alibaba seeks dual primary listing in Hong Kong stock market
2 years, 5 months ago

Alibaba seeks dual primary listing in Hong Kong stock market

China Daily  

A pedestrian walks past the headquarters of Alibaba in Beijing. KUANG DA/FOR CHINA DAILY Alibaba Group Holding Ltd said on Tuesday it will apply for a primary listing in Hong Kong, a move industry experts said will allow Chinese mainland investors to trade in the tech giant's shares via the stock connect mechanism linking the Shanghai, Shenzhen and Hong Kong …

Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing
2 years, 5 months ago

Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing

The Hindu  

Alibaba, China’s biggest e-commerce company, said Tuesday that it would apply for a primary listing in Hong Kong. The listing is expected to be completed by the end of 2022, which would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange. CEO Daniel Zhang said Alibaba was pursuing another primary listing …

Alibaba and Tencent stocks plunge after latest fines
2 years, 6 months ago

Alibaba and Tencent stocks plunge after latest fines

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares of Chinese technology firms …

China denies plan for $1 bn Alibaba fine
3 years, 10 months ago

China denies plan for $1 bn Alibaba fine

The Hindu  

China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country's vast technology sector. The market's regulator denied it was planning to fine the company almost $1 billion for anti-competitive behaviour, as reported by the Wall Street …

U.S. officials weigh adding Alibaba, Tencent to investment ban
4 years ago

U.S. officials weigh adding Alibaba, Tencent to investment ban

LA Times  

Senior U.S. officials are debating whether to bar investments in Alibaba Group Holding Ltd. and Tencent Holdings Ltd., according to people with knowledge of the talks, potentially expanding a Wall Street blacklist that’s already cost shareholders billions of dollars. The discussions among senior U.S. officials involving Alibaba and Tencent focus in part on how such a move might affect capital …

Hong Kong’s stock market sees its future in Chinese tech
4 years, 5 months ago

Hong Kong’s stock market sees its future in Chinese tech

CNN  

Hong Kong CNN Business — Hong Kong is launching a new Nasdaq-like technology index. Hang Seng Indexes, the city’s leading index compiler, on Monday announced the creation of a new benchmark that will track the 30 largest tech firms that trade in Hong Kong. “We hope the move will help attract more tech companies to list in Hong Kong.” The …

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources
4 years, 6 months ago

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources

Live Mint  

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world's most valuable tech "unicorn" had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning …

Hong Kong takes stake in Cathay Pacific as part of $5 billion bailout
4 years, 7 months ago

Hong Kong takes stake in Cathay Pacific as part of $5 billion bailout

CNN  

Hong Kong CNN Business — The Hong Kong government has agreed to lead a $5 billion bailout of Cathay Pacific, taking a minority stake in the city’s beleaguered flagship carrier. Cathay and parent company Swire Pacific announced plans to raise 39 billion Hong Kong dollars in new capital on Tuesday to help the airline survive the crisis wrought by the …

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing
4 years, 7 months ago

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing

CNN  

Hong Kong CNN Business — JD.com is planning a secondary listing for its shares on Hong Kong’s stock market — the latest example of how the city is becoming a fallback for Chinese companies fearful of possible regulatory trouble in the United States. The Chinese e-commerce and tech company said in a filing to the US Securities and Exchange Commission …

Chinese companies facing pushback in the US could seek refuge in Hong Kong
4 years, 7 months ago

Chinese companies facing pushback in the US could seek refuge in Hong Kong

CNN  

Hong Kong CNN Business — Hong Kong’s status as a global business hub has been cast into doubt in recent weeks. Other companies are considering Hong Kong, too “China’s tech giants see Hong Kong as middle ground,” said Brock Silvers, chief investment officer for Hong Kong-based Adamas Asset Management. “But it has evolved in light of the trade war and …

Alibaba stock comes out with a bang in Hong Kong debut – Asian market latest
5 years, 1 month ago

Alibaba stock comes out with a bang in Hong Kong debut – Asian market latest

CNN  

Hong Kong CNN Business — Alibaba’s stock popped nearly 7% in its Hong Kong debut — a strong showing for one of China’s most prominent tech companies. On Tuesday, 14 billion Hong Kong dollars worth of Alibaba shares changed hands on the Hong Kong exchange, helping boost overall turnover. The company chose to conduct its IPO in New York instead …

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks
5 years, 1 month ago

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

Live Mint  

A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers. Filings on Thursday revealed 17 banks will split up to $32.3 million for Alibaba Group's Hong Kong deal, which will raise up to $12.9 billion for the …

Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing
5 years, 1 month ago

Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing

CNN  

Hong Kong CNN Business — Alibaba put a price on its highly anticipated Hong Kong stock market debut on Wednesday, the world’s biggest share sale of the year so far. The price falls short of the 188 Hong Kong dollars Alibaba had set as a ceiling last week, but the transaction will still raise about $12.9 billion for the company, …

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city
5 years, 1 month ago

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city

CNN  

Hong Kong CNN Business — Investors are falling over themselves to buy into Alibaba’s debut on the Hong Kong stock market. The Hong Kong listing was “multiple times subscribed,” the person said, adding that the final price retail investors will pay for the Hong Kong listing will be based on Alibaba’s closing price Tuesday in New York, where its shares …

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance
5 years, 2 months ago

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance

CNN  

Hong Kong CNN Business — Alibaba’s plan to raise billions of dollars by selling shares on the Hong Kong stock market will be one of the largest public offerings in the world this year. “Alibaba hardly lacks access to capital,” said Brock Silvers, managing director for Adamas Asset Management in Hong Kong. “We hope we can contribute, in our small …

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet
5 years, 2 months ago

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet

CNN  

Hong Kong CNN Business — The political unrest in Asia’s premiere financial hubhas taken adark, violent turn this week. The latter could lift the Hong Kong exchange above the New York Stock Exchange and the Nasdaq as this year’s largest venuefor public offerings. “I don’t see its standing as a financial center shaken.” A growing market Despite the rise of …

Alibaba wants to raise $13.4 billion in Hong Kong listing
5 years, 2 months ago

Alibaba wants to raise $13.4 billion in Hong Kong listing

CNN  

London CNN Business — Chinese e-commerce giant Alibaba has announced plans to raise up to $13.4 billion by issuing shares in Hong Kong, a vote of confidence in the Asian financial hub that has been rocked by months of civil unrest. Alibaba will price 500 million new shares on or around November 20, with trading starting in Hong Kong roughly …

Alibaba eyes November window for $10 bn IPO
5 years, 2 months ago

Alibaba eyes November window for $10 bn IPO

Live Mint  

Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. It can proceed with a required initial public offering hearing—either after its 1 November earnings or 11 November Singles’ Day shopping gala—or risk postponing …

After Being Stalled by Protests, Alibaba to Resume Hong Kong Listing Plans in November: Report
5 years, 2 months ago

After Being Stalled by Protests, Alibaba to Resume Hong Kong Listing Plans in November: Report

News 18  

Hong Kong/New York: Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year, people familiar with the matter said on Wednesday. Alibaba’s listing would boost Hong Kong’s status as a major capital markets hub. Alibaba plans to seek …

Hong Kong protests plunge city into recession
5 years, 2 months ago

Hong Kong protests plunge city into recession

CNN  

Hong Kong CNN Business — Months of protests in Hong Kong that forced shops to close, paralyzed public transportation and scared off tourists have left the city’s economy in worse shape than feared. A government spokesperson said Thursday that Hong Kong’s economic growth had been on an upward trend since last year amid a slowing global economy and US-China trade …

Hong Kong’s political crisis isn’t a deal breaker for investors right now
5 years, 3 months ago

Hong Kong’s political crisis isn’t a deal breaker for investors right now

CNN  

Hong Kong CNN Business — Protests have paralyzed many parts of Hong Kong for months, trashing its retail economy and prompting an outflow of money to Singapore. The day before Tuesday’s violent escalation, Anheuser-Busch InBev listed its Asia business on the Hong Kong Stock Exchange, raising $5 billion in the second biggest IPO of the year after Uber. “Budweiser’s IPO …

Hong Kong stock exchange swoops in for London rival
5 years, 4 months ago

Hong Kong stock exchange swoops in for London rival

Associated Press  

LONDON — The Hong Kong stock exchange wants to buy its London counterpart to create a $70 billion-company, a bold move that faces big hurdles and will likely raise concerns in Britain about the Chinese government’s potential influence over one of the symbols of global capitalism. One aspect of the proposed deal that could give leaders at the London exchange …

Hong Kong makes $37 billion bid for London Stock Exchange
5 years, 4 months ago

Hong Kong makes $37 billion bid for London Stock Exchange

CNN  

London CNN Business — Hong Kong has just made a surprise £30 billion takeover bid for the London Stock Exchange. Hong Kong Exchanges and Clearing said Wednesday it had made a proposal to the LSE to combine the two companies in a cash and share deal worth £29.6 billion, or £31.6 billion including debt. The transaction would give Hong Kong …

Alibaba postpones its up to $15 bn listing in Hong Kong due to growing protests
5 years, 4 months ago

Alibaba postpones its up to $15 bn listing in Hong Kong due to growing protests

Firstpost  

a listing by Alibaba is a big deal for the Hong Kong stock exchange, which is lagging behind its New York rivals China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Earlier …

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports
5 years, 4 months ago

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alibaba has postponed its long-awaited …

Hong Kong real estate: Protests and trade war wipe $50 billion off top property stocks
5 years, 5 months ago

Hong Kong real estate: Protests and trade war wipe $50 billion off top property stocks

CNN  

Hong Kong CNN Business — Weeks of pro-democracy protests in Hong Kong are battering shares in the city’s property developers and pushing its benchmark stock index closer to a bear market. About 446 billion Hong Kong dollars has been wiped off the market value of the nine largest Hong Kong real estate companies since April, according to data from Refinitiv. …

Hong Kong economy: Hong Kong’s protests are starting to hurt its business
5 years, 5 months ago

Hong Kong economy: Hong Kong’s protests are starting to hurt its business

CNN  

Hong Kong CNN Business — Hong Kong’s most serious political crisis in more than 20 years is taking its toll on the economy and beginning to shake the confidence of international investors. Paul Chan, the top finance official in Asia’s premier financial hub, said Sunday that the city’s mass demonstrations have hurt local merchants and “worried all those who are …

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter
5 years, 7 months ago

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter

Firstpost  

China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said Hong Kong: China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that …

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