Flash Report 3 minutesRegister for Free AccessAlibaba To Raise $13.4 Billion in Hong Kong Second Listing Coresight Research November 19, 2019 Executive SummaryChinese e-commerce services company Alibaba Group has filed for a second listing in Hong Kong. Following the Double 11 Global Shopping Festival, Alibaba made headlines again in the same week with its secondary listing in Hong Kong, to raise $13.4 billion. Amid turmoil in Hong Kong, Alibaba’s listing was a vote of confidence in the region as an international finance center and fundraising opportunity. The company’s listing will fund its business expansion plans and investment in technology. The listing is possibly a move to avoid sanctions from US regulators, and it taps into a substantial new capital pool in Asia, building an around-the-clock trading market for global investors. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: New Sustainability Requirements in Europe—Dragging the Rest of the World Forward?Shoptalk 2023 Day Three: Web3—Spurring Change Across the Retail ChainConsumer Financial Health Stays Strong: US Consumer Survey Insights 2023, Week 38US, UK, EU & China Quarterly Economic Update, 4Q22: Decelerating Indicators Point Toward Economic Slowdown