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Aya Lin · · 1 min readIn brief: Alibaba looks to raise $20b via Hong Kong listing, sources say
- Alibaba Group is considering raising US$20 billion through a second listing in Hong Kong following its 2014 New York debut, Bloomberg reports, citing people familiar with the matter.
- The deal would bring the company closer to investors in its home country amid rising US-China trade tensions.
- The ecommerce giant is working with financial advisers on the planned offering, according to the sources.
- It may also confidentially file a listing application in Hong Kong as soon as the second half of this year.
Editing by Charmaine de Lazo
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