Alibaba Group May Be Listed on Hong Kong Stock Exchange, Jack Ma Says

Jack Ma, founder of e-commerce company Alibaba Group is seriously considering listing the company on Hong Kong’s exchange, he said. Alibaba’s $25 billion IPO on the New York Stock Exchange in 2014 was the largest in history.

Yesterday, when Ma was asked by Hong Kong Chief Executive Carrie Lam at the inauguration ceremony of the Hong Kong Association of Zhejiang Entrepreneurs, he said he will “seriously consider,” the possibility, according to reports.

This move may deliver capital for use in Alibaba’s financial services subsidiary, Ant Financial, but the exact outcome is uncertain. Ant continues to expand its mobile wallet to international markets.

Watch the  interview with Ma here.

Read more at The New York Times and South China Morning Post.

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