Alibaba launches $13.4 billion Hong Kong listing to fund expansion
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HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion (£10.5 billion) to fund its expansion plans. The books for institutional investors looking to buy the shares opened during the New York trading session on Wednesday.A 661-page draft prospectus for what looks set to be the world's biggest cross-border secondary listing shows Alibaba plans to..