Why is Alibaba listing in Hong Kong if it doesn't need money?

With Singles Day tally exceeding $38bn, company looks to tap Chinese retail investors

20191112 Alibaba Singles Day Reuters

Alibaba generated 268.4 billion yuan ($38.4 billion) in gross merchandise volume in just 24 hours for its Nov. 11 Singles' Day global shopping festival. © Reuters

NARAYANAN SOMASUNDARAM and COCO LIU, Nikkei staff writers

Does Alibaba Group Holding really need another $10 billion or so?

Sponsored Content

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