Alibaba’s founder Jack Ma is seen on the screen at Alibaba Group’s listing ceremony at the Hong Kong stock exchange on November 26, 2019. Photo: Reuters

US-listed Chinese new-economy companies are mulling secondary flotations in Hong Kong after watching Alibaba’s shares soar, says China Renaissance

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A wave of Chinese internet giants that have listed in the US by issuing American depositary receipts are considering following Alibaba’s lead and aiming for a secondary flotation in Hong Kong, say bankers
But the recent launch of Shanghai’s Nasdaq-style Science and Technology Innovation Board means Hong Kong now faces competition from mainland China to attract new-economy firms

Topic | IPO

Georgina Lee

Published: 7:33pm, 7 Jan, 2020

Updated: 10:03pm, 16 Feb, 2020

Alibaba’s founder Jack Ma is seen on the screen at Alibaba Group’s listing ceremony at the Hong Kong stock exchange on November 26, 2019. Photo: Reuters

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Georgina Lee

Georgina Lee has been a financial journalist for more than 15 years, having worked for newswires and trade magazines before she joined the Post. She has also previously written research articles on key structured credit themes for a credit rating agency.