Daniel Zhang Yong, Chief Executive Officer of Alibaba Group attends the company's stock trading debut at the Hong Kong Exchanges and Clearing on November 26, 2019. He is flanked by board member Tung Chee-hwa and Laura Cha Shih May-lung, chairwoman of HKEX. Photo: Sam Tsang

Alibaba shares rise in Hong Kong debut, creating city’s biggest stock with HK$4 trillion market capitalisation

  • Shares close at HK$187.60 on first day of trading in Hong Kong, handing investors a 6.6 per cent gain over the HK$176 offer price
  • Alibaba is the most traded stock with HK$14 billion of shares changing hands, accounting for 10.5 per cent of main board turnover
Topic |   Alibaba

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Daniel Zhang Yong, Chief Executive Officer of Alibaba Group attends the company's stock trading debut at the Hong Kong Exchanges and Clearing on November 26, 2019. He is flanked by board member Tung Chee-hwa and Laura Cha Shih May-lung, chairwoman of HKEX. Photo: Sam Tsang
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.