20 April 2019

Door still open for Alibaba’s HK listing, paper says

Alibaba Group’s Hong Kong listing plan may still be alive after sources close to the e-commerce giant suggested that it may be willing to drop its proposed partnership structure that aims to give the founder and chairman Jack Ma and his 27 partners control over the board of directors, Sing Tao Daily reported Monday. In order to secure regulatory approval, Alibaba may pursue a plan that will see the company’s chief executive chosen from the 28 partners, although they will not necessarily control the board, the report said.

– Contact HKEJ at [email protected]




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