amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing which was set to take place in late August, one of the people said.The decision was made on the lack of financial and political stability in Hong Kong amid more than 11 weeks of demonstrations which have become increasingly violent and plunged the city into turmoil, the people added.
While no new timetable has been formally set, Alibaba could launch the Hong Kong deal as early as in October, seeking to raise US$10 billion to US$15 billion, when political tensions ease and market conditions become favourable again, said the other source.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Alibaba postpones up to US$15 billion Hong Kong listing amid protests - sourcesChina's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to US$15 billion listing in Hong Kong amid growing political ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Alibaba postpones up to US$15 billion Hong Kong listing amid protests - sourcesChina's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to US$15 billion listing in Hong Kong amid growing political ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Comedian Trevor Noah's Hong Kong show 'postponed indefinitely': OrganisersHONG KONG: Comedian Trevor Noah's scheduled performance in Hong Kong has been 'postponed to an indefinite date', organiser LA Comedy Live said on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Pence urges China to respect Hong Kong laws amid protestWASHINGTON (REUTERS) - US Vice President Mike Pence urged China on Monday (Aug 19) to respect the integrity of Hong Kong's laws and repeated US President Donald Trump's warning that it will be harder for the United States to make a trade deal with Beijing if there was violence in the Chinese-ruled city.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Pence urges China to respect Hong Kong laws amid protestWASHINGTON: US Vice President Mike Pence urged China on Monday (Aug 19) to respect the integrity of Hong Kong's laws and repeated President Donald ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong leader Carrie Lam says she hopes non-violent protest puts city on road to peaceHONG KONG: Embattled Hong Kong leader Carrie Lam said on Tuesday (Aug 20) she hopes a non-violent weekend protest that saw hundreds of thousands ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »