Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Alibaba's Flying Carpet to Land on Hong Kong
Adjust font size:

Alibaba.com, China's leading B2B e-commerce company, will soon be listed on the Hong Kong Exchanges and Clearing Limited (HKEx), according to Jack Ma, chairman and CEO of Alibaba Group. Ma said this move would be the biggest challenge in the history of the 8-year-old venture.  Tao Ran, Alibaba's public relations director also confirms that Alibaba.com has begun preparing for its listing but did not divulge any timetable.

Some insiders revealed that Alibaba had submitted its application to HKEx for listing, set to appear in the third quarter of this year. After its listing, the company is expected to raise 7.8 billion Hong Kong dollars which will go towards financing its global business expansion and improve its B2B trading platform, insiders said.

For more details, please read the full story in Chinese. ( http://www.eeo.com.cn/industry/it_telecomm/2007/07/30/77933.html)

(China.org.cn July 30 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?