The Alibaba logo at the company’s headquarters in Hangzhou in 2018. Photo: Reuters

Alibaba said to pick CICC, Credit Suisse to lead Hong Kong share sale

  • Offering could raise as much as US$20 billion, though precise target has not been finalised
  • Transaction could bolster city’s status as destination for Chinese tech listings and boost Alibaba’s cash pile as it wages subsidy war with Meituan Dianping
Topic |   Alibaba

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The Alibaba logo at the company’s headquarters in Hangzhou in 2018. Photo: Reuters
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People walk past a logo of China's e-commerce giant Alibaba in Hangzhou, capital of east China's Zhejiang Province. Photo: Xinhua

Alibaba is said to weigh raising US$20 billion in Hong Kong second listing

  • Alibaba is working with financial advisers on the planned offering, Bloomberg reported, citing people with knowledge of the matter
  • Alibaba said it does not comment on market rumours
Topic |   Alibaba

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People walk past a logo of China's e-commerce giant Alibaba in Hangzhou, capital of east China's Zhejiang Province. Photo: Xinhua
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