Chinese e-commerce giant Alibaba starts trading on Hong Kong stock exchange

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Chinese e-commerce giant Alibaba started trading on the Hong Kong stock exchange under the 9988 stock code on November 26, 2019. The Hangzhou-based company priced its Hong Kong shares at HK$176 (US$22.50) each, a slight discount to its US-listed depositary shares. In the world’s biggest share sale so far in 2019, the retail portion of the offering had been 40 times oversubscribed. Following nearly six months of anti-government protests in Hong Kong, Alibaba’s secondary listing was seen as a major boost to the city’s stock market.Alibaba is the owner of the South China Morning Post.

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[cheeskybohlam]

Wtheck is going on with the Bass Boosted Music

[Chuanese]

Not sure how smart this is on so Alibaba strategy move from the outside . But guess they are beting on hong kong stabilising.

[catbertevil]

Hong Kong financial sector is the ONLY valuable part of the Hong Kong economy the whole china still enjoys. some country's idea must be to do everything undermining or even destroying it so there could be massive capital flight to its shores to save that slowing economy... only time will tell if that's wishful thinking or a real genius' plan.