Date
27 April 2018

Alibaba may put off listing to 2014, paper says

Alibaba Group is likely to postpone its planned listing to next year, 21st Century Business Herald reported Saturday, citing a report by United States financial website MarketWatch. Sources said Alibaba is still undecided on the venue for the share offering, although it was earlier reported to have picked the US over Hong Kong. Financial disclosures released by Yahoo Inc., which owns about a quarter of Alibaba Group, showed the Chinese e-commerce giant had revenue of US$1.38 billion during the first quarter. Net profit for the period was US$669 million, the report said.

– Contact HKEJ at [email protected]

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