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China tech

Alibaba delays Hong Kong listing conversion as revenue misses expectations

E-commerce group says will boost share buyback plan by $15 billion

Alibaba Group's third-quarter revenue misses expectations.    © Reuters

HONG KONG -- Plans to make Hong Kong the main market for Alibaba Group Holding stock will not be completed by the end of the year as expected, the Chinese e-commerce leader said Thursday, indicating it needs more time to watch conditions.

"We are closely monitoring and taking into account various factors, including changing market and other external conditions," said Toby Xu, Alibaba's chief financial officer, in an earnings call with analysts.

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