Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests - sources

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Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests - sources
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China's biggest e-commerce company Alibaba Group Holding Ltd has delayed it...

FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee/File Photo

Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing which was set to take place in late August, one of the people said. Tear gas has been used frequently by police while more than 700 people have been arrested, followed by an unprecedented airport shutdown last week. Hong Kong’s stock market also fell to seven-month lows last week.

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