Alibaba Founder Says To Consider Hong Kong Listing: SCMP

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Jack Ma, CEO of Alibaba Group, speaks at the Business Forum of the 11th Ministerial Conference of the World Trade Organization in Buenos Aires.

HONG KONG (Reuters) – Alibaba Group Holding Ltd will review a listing in Hong Kong, South China Morning Post said, citing company founder Jack Ma following the city’s decision to allow dual-class share listings. 

Ma responded to an invitation from Hong Kong leader Carrie Lam to the city’s list during a debate at a Hong Kong event.
“Alibaba will accept this message, we will definitely consider the Hong Kong market. We look forward to continuing to invest in Hong Kong and improving our participation in the city’s economy,” Ma said.

Alibaba celebrated its $25 billion public records in New York in 2014 after Hong Kong, its preferred location, refused to adopt its governance structure, with a self-managed group of executives controlling most of the council’s appointments.

But Hong Kong is now ready to accept dual-class shares as part of the rule changes proposed by the city’s stock market as it increases the fight against New York for China’s first public success.

Hong Kong Exchanges and Clearing, the city’s stock exchange operator, said in December that it had begun drafting amendments to specific rules that would undergo an official public consultation in the first 3 months of 2018.

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