Alibaba is working on a listing in Hong Kong


There is a latest report indicating that China’s Alibaba Group Holding Ltd is considering a new listing on Hong Kong Stock Exchange.

The listing if successful will see Alibaba raising up to 20 billion according to a Bloomberg report.

The eCommerce giant would have listed on the Hong Kong but could not do so after the exchange did not accept it’s ownership structure where a group of the company’s directors control major shares of the company.