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Alibaba Raises $11 Billion in Hong Kong Share Listing

By
Chris Noble
· · Source: Bloomberg

Alibaba, one of the world’s biggest e-commerce companies, raised more than $11 billion with a share listing in Hong Kong, as investors overlooked whatever doubts they may have about damage from the ongoing U.S.-China trade war and the economically devastating impact of months of pro-democracy protests in the city. Alibaba is not currently eligible for Hong Kong’s benchmark Hang Seng Index,...

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