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Alibaba May Raise $20 Billion

Credit: Wochit
Published on May 28, 2019 - Duration: 00:39s

Alibaba May Raise $20 Billion

HONG KONG (Reuters) - Alibaba is considering raising as much as $20 billion through a secondary listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York.

FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019.

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