Alibaba Launches Hong Kong Initial Public Offering
(WorldNews Asia)

Alibaba Group on Friday announced the launch of its Hong Kong public retail offering, which forms part of a global offering of 500,000,000 new ordinary shares and listing of its ordinary shares on the The Stock Exchange of Hong Kong Ltd. under the stock code `9988.` Alibaba`s American depositary shares, with each ADS representing eight ordinary shares, will continue to be listed and traded on the New York Stock Exchange. Upon listing in Hong Kong, the Hong Kong-listed shares will be fully fungible with the ADSs listed on the NYSE. `Alibaba Group is guided by our mission to make it easy to do business anywhere with the vision to be a good company that lasts for 102 years,` said Alibaba Group...