Alibaba launches US$13.4bn Hong Kong listing to fund expansion

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Alibaba launches US$13.4bn Hong Kong listing to fund expansion

Braving unrest in the global financial hub.

Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to US$13.4 billion to fund its expansion plans. The stock is due to start trading on Nov. 26 in Hong Kong, according to a term-sheet...

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