The Alibaba Group is delaying a potential $15 billion listing in Hong Kong because of the region's political instability, two sources "with knowledge of the matter" told Reuters.
Alibaba ($BABA) did not immediately respond to a request for comment.
Report of the delay comes amid ongoing pro-democracy protests in China's special administrative region. Those months-long demonstrations have taken a toll on the region's market, and Hong Kong's chief executive Carrie Lam on Tuesday warned that the economy is "facing the risk of downturn" due to the growing unrest.
In 2014, Alibaba went public on the New York Stock Exchange after disagreements with the Hong Kong Stock Exchange over the shareholder voting rights structure that the e-commerce giant sought (Hong Kong's stock exchange had required Alibaba comply with its "one shareholder, one vote" policy).
Alibaba did list its Alibaba.com business-to-business web operation in Hong Kong in 2007, but took that enterprise private five years later.
The decision to delay this newest Hong Kong listing was made last week before the company released its quarterly earnings report, according to one of Reuters' sources. The listing was originally expected in late August.
Alibaba — one of the largest companies in China, and the country's largest e-commerce company — still hopes to raise between $10 and $15 billion, according to Reuters' other source. The now-postponed listing could come as early as October, should political and financial conditions stabilize.
Are Gen Z and Millennials done with alcohol? Bacardi's Tony Latham breaks down trends, new preferences, and insights from the 2025 Cocktail Trends Report.
Comscore’s Paul Dergarabedian breaks down the battle of summer blockbusters, from Superman to Jurassic World and Fantastic Four and what it means for studios.
VENU CEO JW Roth breaks ground on a 20,000-seat, state-of-the-art amphitheater in Texas—part of a $300M public-private expansion to redefine live music.
Despite healthcare spending cuts, medtech stocks like Edwards Life Sciences, Stryker, and Boston Scientific are rising, especially those serving older pati
Joby CPO Eric Allison discusses the UAE’s historic EVTOL take off, marking Dubai as the launchpad for global air taxi adoption and Joby’s commercial readiness.
CFRA’s Angelo Zino joins us to unpack Meta’s Superintelligence Labs and what it means for the future of AI, innovation, and the company’s bold new direction.
AIRO CEO Joe Burns and Executive Chairman Chirinjeev Kathuria talks the future of aerospace, drones, and urban air mobility through innovation and synergy.
