Arab Today, arab today alibaba turns back on hong kong listing
Last Updated : GMT 21:31:16
Arab Today, arab today
Arab Today, arab today

Alibaba turns back on Hong Kong listing

Arab Today, arab today

Arab Today, arab today Alibaba turns back on Hong Kong listing

Hong Kong - XINHUA

The CEO of Chinese e-commerce giant Alibaba Group said on Thursday that the company will not list in Hong Kong, and has not yet decided where to launch its much-discussed initial public offering (IPO). While announcing the decision, Jonathan Lu Zhaoxi said new enterprises need time to \"study and digest\" the market regarding their governance structure, with this a key determinant of where the company can be listed. Alibaba\'s IPO is expected to be the biggest tech debut globally since Facebook Inc.\'s 16-billion-U.S.-dollar listing last year, and there has been much speculation as to whether the company would go public in the United States or Hong Kong. Alibaba said the group had had contact and informal communication with Hong Kong regulators, but did not submit formal applications nor ask for a dual-class share structure. The focus of Alibaba\'s listing plan is its structure under which a group of partners makes all key operating decisions. The system is meant to give the company\'s core business managers more power in strategic decision making, according to the company. Yet the unique structure is regarded as not in line with the listing rules in Hong Kong. Alibaba, founded by Jack Ma, saw transactions made on Taobao and Tmall, its two customer-to-customer and business-to-customer websites, exceed 1 trillion yuan (162 billion U.S. dollars) last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alibaba turns back on hong kong listing Arab Today, arab today alibaba turns back on hong kong listing

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alibaba turns back on hong kong listing Arab Today, arab today alibaba turns back on hong kong listing

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday