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Alibaba rethinks Hong Kong listing amid political turmoil

Chinese companies wary despite overtures from city's exchange

Political instability in Hong Kong casts a shadow over the city's status as a global financial hub.   © Reuters

NEW YORK/SHANGHAI -- Political instability linked to months of ongoing protests in Hong Kong is denting the city's appeal as a capital market for Chinese companies looking to raise funds publicly.

Chinese e-commerce company Alibaba Group Holding is considering pushing back a Hong Kong public offering planned to accompany its listing on the New York Stock Exchange, the New York Post reported Wednesday.

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