Alibaba’s mascots Tao Doll and Freshippo during the trading debut of the company’s shares on the Hong Kong stock exchange on 26 November 2019. Photo: Enoch Yiu Alibaba’s mascots Tao Doll and Freshippo during the trading debut of the company’s shares on the Hong Kong stock exchange on 26 November 2019. Photo: Enoch Yiu
Alibaba’s mascots Tao Doll and Freshippo during the trading debut of the company’s shares on the Hong Kong stock exchange on 26 November 2019. Photo: Enoch Yiu

Explainers: Business

Explainer |
What is fungibility, and what’s the big deal with Alibaba’s fungible shares on New York and Hong Kong exchanges?

  • One American Depositary Share (ADS) of Alibaba (BABA) on the New York exchange is equivalent to eight Alibaba shares (9988) on the Hong Kong exchange
  • A fully fungible stock can be bought or sold in one marketplace to be converted or sold on another, and pricing on the two are unlikely to diverge too much from each other

Topic |   Explainers: Business
Alibaba’s mascots Tao Doll and Freshippo during the trading debut of the company’s shares on the Hong Kong stock exchange on 26 November 2019. Photo: Enoch Yiu Alibaba’s mascots Tao Doll and Freshippo during the trading debut of the company’s shares on the Hong Kong stock exchange on 26 November 2019. Photo: Enoch Yiu
Alibaba’s mascots Tao Doll and Freshippo during the trading debut of the company’s shares on the Hong Kong stock exchange on 26 November 2019. Photo: Enoch Yiu
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