Alibaba was on track to launch a sale in the coming weeks but put that plan on hold due to market instability and political uncertainty
Anupreeta Das and Stella Yifan XieAlibaba Group Holding Ltd. has postponed plans for a multibillion-dollar share listing in Hong Kong, as protests now in their third month exact a deepening economic cost.
The Chinese e-commerce company was on track to launch the sale in the coming weeks but put that plan on hold due to market instability and political uncertainty in the city, according to people familiar with the matter. Alibaba executives were also concerned about the optics of one of China’s highest-profile companies listing in Hong Kong amid the protests,...
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