Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war. The share sale, set to be Hong Kong’s largest in more than nine years, comes as Beijing seeks support from businesses and entrepreneurs in the face of anti-government protests there. “Beijing has long wanted China’s tech champions to list closer to home,” Mark Natkin, managing director at Beijing-based Marbridge Consulting, said of Alibaba’s plans. …read more
Source:: Yahoo Finance
