Alibaba would face an uphill struggle to maintain trading activity if it pushes ahead with plans for a secondary listing in Hong Kong, say market participants. Maybe the Chinese e-commerce giant shouldn’t even try.
The Hangzhou-headquartered company is mulling a listing in the financial hub, according to two people familiar with the company’s plans. Bloomberg first reported the news and added that Alibaba would file an application in the second half of this year to raise $20 billion.
Such a move is unlikely to be beneficial for the company in the long term as most institutional investors can already access Alibaba’s shares quoted on the...
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