Alibaba Group Chairman Daniel Zhang said Hong Kong’s “future is bright” as the company presses on with its secondary listing in the city gripped by increasingly violent protests and recession. Four thousand people have been arrested in Hong Kong since June and the territory’s economy has sunk into recession for the first time in a decade as the anti-government demonstrations disrupt business and deter tourists. Alibaba is hoping to raise up to $13.4 billion in its Hong Kong listing and the shares are due to start trading on Nov. 26. …read more
Source:: Yahoo Finance
