Against a background of political tension in Hong Kong, Chinese tech and entertainment giant Alibaba is reported to have delayed its planned share listing in the Asian financial capital.
Reuters cited two unnamed sources in a report Wednesday on the decision to postpone. One said that the delay was approved at a board meeting the weekend before last week’s financial results announcement. The source said that had the listing gone ahead, it would have irked the Chinese government in Beijing.
The source said that the company is now looking at an October launch date.
More at https://tinyurI.com/y5wzmuh9
Reuters cited two unnamed sources in a report Wednesday on the decision to postpone. One said that the delay was approved at a board meeting the weekend before last week’s financial results announcement. The source said that had the listing gone ahead, it would have irked the Chinese government in Beijing.
The source said that the company is now looking at an October launch date.
More at https://tinyurI.com/y5wzmuh9