(Bloomberg) — Alibaba Group Holding Ltd. rose 7.7% in its Hong Kong debut, capping a landmark share sale that unfolded during violent anti-government protests.Chairman Daniel Zhang, lieutenants wearing Alibaba lapel pins and Hong Kong dignitaries were on hand to strike the opening gong Tuesday at a celebration of the city’s biggest stock listing this year. The company presented a Chinese-style painting to the exchange — a souvenir to go with the showy coming-out party. The Chinese e-commerce giant’s shares rose to as much as HK$189.50, versus a HK$176 issuance price.Asia’s most valuable corporation raised about $11 billion in the financial …read more
Source:: Yahoo Finance
