Tencent Technologies News, according to foreign media reports, Alibaba has submitted applications for listing in Hong Kong. In response, Alibaba said it did not respond to market rumors.
Previously, foreign media reported that Alibaba would submit its application for listing in Hong Kong in a few weeks, and has chosen CICC and Credit Suisse to lead the arrangement for its Hong Kong stock issue. In response, Alibaba Group responded that it would not comment on market rumors. Last month, Alibaba Group also declined to comment on its listing in Hong Kong.
Alibaba was founded in 1999. In its early years, Alibaba was an Internet company providing e-commerce online trading platform. Its business now extends to payment and finance, cloud computing, cultural entertainment and innovation projects.
In 2007, Alibaba Network Co., Ltd. (B2B business) was listed in Hong Kong. In February 2012, Alibaba announced privatization. In June of the same year, Ali listed companies completed delisting from the Hong Kong Stock Exchange. In mid-2013, Alibaba went to Hong Kong again to seek the overall listing of the group. In September, the Hong Kong Regulatory Commission encountered the Ali partner system.
In March 2014, Alibaba launched a listing plan to go to the United States; in May, he filed a listing with the Securities and Exchange Commission; and in June, Alibaba decided to list on the New York Stock Exchange under the symbol of
In April 2018, HKEx announced that the new listing rules would take effect on April 30 to broaden the listing system in Hong Kong. The reform is considered to be the biggest reform in Hong Kong's capital market in 25 years. Under the revised listing system, the HKEx will allow