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Aya Lin · · 1 min readIn brief: Alibaba delays $15b Hong Kong listing amid protests, sources say
- Chinese ecommerce titan Alibaba has delayed its up to US$15 billion Hong Kong listing due to a lack of financial and political stability in the financial hub, Reuters reports, citing two people familiar with the matter.
- The company’s decision was done amid more than 11 weeks of pro-democracy demonstrations in the city, according to the people.
- While Alibaba has not yet set a new timetable for the listing, which was originally scheduled for late August of this year, it could launch the deal as early as October 2019, said one source.
Editing by Charmaine de Lazo
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