China's Alibaba launches Hong Kong listing to raise up to $13.4b

China's Alibaba launches Hong Kong listing to raise up to $13.4b

Photographer: Gilles Sabrie/Bloomberg

Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion to fund its expansion plans.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter