People wearing protective masks walk past screens outside the Hong Kong Exchanges, following the coronavirus outbreak, in Hong Kong’s financial Central district on September 14, 2020. Photo: Reuters
People wearing protective masks walk past screens outside the Hong Kong Exchanges, following the coronavirus outbreak, in Hong Kong’s financial Central district on September 14, 2020. Photo: Reuters

Alibaba-backed Huitongda gets green light for Hong Kong listing, testing investor appetite for big deals in the city

  • Huitongda, an commerce platform backed by Alibaba, will start its investor education process this week, sources say
  • The Hong Kong bourse’s listing committee gave its approval for the company to move forward with an IPO as it aims to raise US$500 million to US$1 billion

Topic |   Banking & finance
People wearing protective masks walk past screens outside the Hong Kong Exchanges, following the coronavirus outbreak, in Hong Kong’s financial Central district on September 14, 2020. Photo: Reuters
People wearing protective masks walk past screens outside the Hong Kong Exchanges, following the coronavirus outbreak, in Hong Kong’s financial Central district on September 14, 2020. Photo: Reuters
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