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: Discount Decades—US Grocery Discounters: Poised for Growth Amid Inflation and Economic UncertaintyApril 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales Decline as Units Remain NegativeAnalyst Corner—Drugstore Closures Leave US Consumers High and Dry in Pharmacy Deserts: Navigating the Fallout with Aditya KaushikShoptalk 2023 Day Four: AI, Engagement and Omnichannel Dominate Discussions