Potential U.S. Limitations Make Case for Alibaba's Hong Kong Listing
Attendees stand in front of an Alibaba Group Holding Ltd. display wall at the World Artificial Intelligence Conference in Shanghai, on Aug. 29.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Hong Kong has a new impetus for listing Alibaba Group Holding Ltd. in the city after the White House was said to consider limiting fund flows to China and delisting Chinese firms.
U.S.-listed shares of Chinese companies tumbled on Friday after Bloomberg reported the discussions among Trump administration officials. Alibaba sank 5.2%, while JD.com Inc. lost 6%. A U.S. Treasury official said Saturday there are no plans “at this time” to stop Chinese companies from listing on U.S. exchanges.