Alibaba’s Hong Kong shares now account for about 12 per cent of its total float, compared with 2 per cent before. Photo: Bloomberg Alibaba’s Hong Kong shares now account for about 12 per cent of its total float, compared with 2 per cent before. Photo: Bloomberg
Alibaba’s Hong Kong shares now account for about 12 per cent of its total float, compared with 2 per cent before. Photo: Bloomberg
Business /  Investor Relations

Alibaba’s top investors swap US ADRs for Hong Kong shares as fund managers take steps to avoid potential sanctions

  • Temasek, Baillie Gifford, and Matthews Asia are among the major shareholders that have swapped stakes in the Chinese e-commerce giant
  • Stock shifts are a sign that the Trump administration’s fierce rhetoric against Chinese tech firms is prompting investors to take steps to avoid the potential fallout

Topic |   US-listed Chinese stocks
Bloomberg
Bloomberg

Updated: 2:14pm, 20 Oct, 2020

Why you can trust SCMP
Alibaba’s Hong Kong shares now account for about 12 per cent of its total float, compared with 2 per cent before. Photo: Bloomberg Alibaba’s Hong Kong shares now account for about 12 per cent of its total float, compared with 2 per cent before. Photo: Bloomberg
Alibaba’s Hong Kong shares now account for about 12 per cent of its total float, compared with 2 per cent before. Photo: Bloomberg
READ FULL ARTICLE