Alibaba has capitalised on Chinese consumers' love of e-commerce to dominate the sector in China and become one of the world's most valuable firms. – EPA pic, November 8, 2019.
CHINESE online retail titan Alibaba hopes to raise up to US$15 billion in a Hong Kong initial public offering, said a report today, in what would be the city’s biggest listing in nine years. The share sale by Asia’s biggest company would also come as Hong Kong authorities battle months of sometimes violent protests that have dented the financial hub’s economy and reputation.
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