Alibaba postpones its share issue

By: Trademagazin editor Date: 2019. 08. 21. 11:00

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China’s largest e-commerce company, Alibaba Group, is postponing its planned issuance of shares to Hong Kong amid rising political tensions over the Asian financial center – insiders told Reuters news agency.

Markets are closely following Alibaba’s Hong Kong share issue plan as it provides information on the economic environment and provides an insight into the Chinese government’s assessment of the situation. (MTI)