A Hong Kong-based analyst said while Alibaba is not in need of cash, the listing could help it improve its access to loans from Asian banks. "It means closer access to Chinese investors, and maybe Chinese investors are more bullish than the global investors in Alibaba," the analyst added.
from The Financial ExpressThe Financial Express http://bit.ly/2K3yuAq
Tuesday, 28 May 2019
Alibaba plans $20 billion Hong Kong listing, biggest follow-on sale in 7 years, say sources
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