it's considering a Chinese listing
March 15, 2018
Chinese e-commerce and technology giant Alibaba Group is planning for a stock listing in China, The Wall Street Journal reported Thursday, citing sources familiar with the matter. The offering could happen as soon as this summer if Chinese securities laws are revised to allow foreign companies to list, one source told the newspaper. "Since our IPO in the US, we have stated that if regulations allow, we would consider a listing in China," Alibaba said in a statement to CNBC. Shares of New York-traded Alibaba rose more than 3 percent Thursday morning Eastern time, hitting a high of $199.50 a share. In January, Alibaba founder Jack Ma said the company will "seriously consider" listing in Hong Kong
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