ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China tech

Alibaba's Hong Kong shares soar over 7% in year's largest listing

Over $11bn share sale delivers rare boost for protest-wracked city

Alibaba Chairman and CEO Daniel Zhang, center, and company executives attend the listing ceremony in Hong Kong on Nov. 26. (Photo by Rie Ishii)

HONG KONG -- Alibaba Group Holding's newly listed Hong Kong shares jumped over 7% in early trading on Tuesday, marking a strong Asian debut for the Chinese e-commerce giant and raising upwards of 87.5 billion Hong Kong dollars ($11.1 billion) in the world's biggest stock placement so far this year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more