Sophie Yu in Hangzhou

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Alibaba drops share sale to revive hopes of a Hong Kong listing

Chinese e-commerce giant Alibaba has abandoned plans to sell shares anywhere in the near term in a bid to let the heat die down over its controversial share-structure proposal, chief executive Jonathan Lu Zhaoxi told the South China Morning Post yesterday, leaving the door open to a Hong Kong listing.

21 Jun 2018 - 2:38PM

Chinese e-commerce giant Alibaba has abandoned plans to sell shares anywhere in the near term in a bid to let the heat die down over its controversial share-structure proposal, chief executive Jonathan Lu Zhaoxi told the South China Morning Post yesterday, leaving the door open to a Hong Kong listing.

Alibaba drops share sale to revive hopes of a Hong Kong listing