综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Alibaba delays Hong Kong listing

By Yang Yang | chinadaily.com.cn | Updated: 2019-08-16 11:18
Share
Share - WeChat
People walk past an Alibaba Group sign in Hangzhou, East China's Zhejiang province, on May 10, 2018. [Photo/VCG]

Chinese e-commerce giant Alibaba is weighing a delay to its listing on the Hong Kong Stock Exchange, previously expected to take place in September, the New York Post reported on Thursday.

Hangzhou-based Alibaba filed to sell shares on the exchange in June, and the offering is expected to be roughly $20 billion.

The Hong Kong listing, allowing pensions and other investors from the mainland buy shares of the company, can diversify funding channels and boost the company's liquidity.

As one of the most recognizable tech companies in the world, Alibaba is also listed on the New York Stock Exchange and the company carries a $417 billion market cap in the US stock market.

Raising $25 billion by selling shares on the New York Stock Exchange, Alibaba made the world's largest first-time share sale at its NYSE listing in 2014.

The company attempted to list on Hong Kong Exchanges and Clearing Ltd as early as 2013, but had to abandon the plan and pursued an IPO in New York due to the inconsistency of the company's dual-class corporate structure and HKEX's rules at the time.

On April 24, 2018, technology firms that have shares with different voting rights were allowed to go public in Hong Kong — the biggest change in HKEX's IPO rules in two decades — making it possible for Alibaba to list on the A-share market.

The company reported robust revenue growth on Thursday, with a 42 percent year-on-year increase and 114.9 billion yuan ($16 billion) in revenue for the quarter ending June 30.

The adjusted earnings per share reached 12.55 yuan, and the shares jumped as much as 5 percent on Thursday, Yahoo Finance reported.

The tech company's annual active consumers reached 674 million, a 20 million increase from last quarter, the report said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
惠安县| 宁河县| 黑水县| 高尔夫| 邯郸县| 肥西县| 肇东市| 澜沧| 大石桥市| 大安市| 芜湖县| 县级市| 同江市| 永嘉县| 会同县| 大悟县| 莆田市| 金寨县| 磐石市| 南川市| 扬中市| 黄龙县| 聂荣县| 海兴县| 丰城市| 怀远县| 和平县| 宝丰县| 仲巴县| 塔河县| 天水市| 寻乌县| 永康市| 栾城县| 收藏| 且末县| 鄂托克旗| 杂多县| 和平区| 车险| 东辽县|