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November 20, 2019

Singles’ Day Isn’t the Only Reason Why Alibaba’s Hong Kong Listing Is Timely

This latest Single’s Day was no exception, drawing in a record US$38 billion worth of sales – although the day’s annual sales growth continued slowing as it has done for the past years and disappointed co-founder Jack Ma.On the back of (a still pretty successful) Singles’ Day, NYSE-listed Alibaba has moved closer to its long-awaited secondary listing in Hong Kong. The company is now set to start trading in Hong Kong on 26 November, to raise US$13.4 billion.

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