This archive report was first published on 27 November 2019.
On November 27, 2019, Alibaba made history by listing on the Hong Kong Stock Exchange in one of the most anticipated stock offerings. The move saw Alibaba's stocks jump by 6% in the Hong Kong's Hang Seng Index.
Alibaba's chairman, Daniel Zhang, expressed his gratitude for the company's return to Hong Kong, highlighting the significance of this move for the company's growth and Asian investors' participation.
Alibaba had initially considered a Hong Kong initial public offering in 2013 but later chose New York after failing to secure regulatory approval from Asian authorities.
Today, Alibaba is a leading ecommerce platform that provides a range of services, including financial services and artificial intelligence.
The listing on the Hong Kong Stock Exchange will enable Asian investors to participate in Alibaba's growth and tap into substantial new capital pools in Asia.
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