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.
The listing, which comes despite six months of increasingly violent anti-government protests, will give a boost of confidence to the city and also please Beijing, which wants to reassure investors about the financial hub's prospects.
