Jack Ma to consider listing Alibaba on Hong Kong stock exchange

      Published on Tuesday, 9 January , 2018      163 Views     

  • News

Alibaba founder Jack Ma Yun on Monday promised to consider listing the company in Hong Kong and increasing investment in the city.

Ma was responding to Chief Executive Carrie Lam Cheng Yuet-ngor’s invitation at the inauguration ceremony of the Hong Kong Association of Zhejiang Entrepreneurs on Monday.

The executive chairman of the e-commerce giant, who is also the chairman of the General Association of Zhejiang Entrepreneurs, engaged in a fireside discussion with Lam during the ceremony, where Ma praised Lam for possessing great leadership for offering the invitation.

“A mere politician will never dare to say so,” Ma said. “Alibaba will take this message. We will definitely consider Hong Kong’s market.

“We hope we can further invest in Hong Kong and enhance our participation in the city’s economy.”

Lam’s invitation came after the passing of Hong Kong Exchanges and Clearing’s proposal to allow companies offering different classes of shares with different voting power to list in the city.

“Now I hope Alibaba can come back to list in Hong Kong,” Lam said.

She said the stock exchange had decided to start allowing the dual-class share system in midyear, and described allowing the system as a form of economic innovation.


Category News | 2018/01/09 latest update at 12:10 PM
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