Alibaba's Hong Kong listing offers valuable Beijing goodwill
Share:
SHANGHAI (Reuters) - Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.The share sale, set to be Hong Kong's largest in more than nine years, comes as Beijing seeks support from businesses and entrepreneurs in the face of anti-government protests there."Beijing has long wanted China's tech champions to list closer to home," Mark Natkin, managing director at..