Alibaba backs Hong Kong’s ‘bright’ future with huge listing
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Alibaba chief executive Daniel Zhang has praised Hong Kong’s “bright” future as the Chinese e-commerce giant prepares to list in the embattled financial hub.
The firm, which is already traded in the US, hopes to raise up to $13.4bn (£10.4bn) in its secondary listing.
That would make it the biggest share sale this year, according to Dealogic.
The move is seen as a…