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Alibaba founder Ma says he will 'seriously consider' HK listing

HK is set to allow dual-class shares under rule changes to be proposed soon

Published Tue, Jan 9, 2018 · 09:50 PM

Hong Kong

ALIBABA Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, marking a potential boon for the financial hub which recently decided to move towards allowing dual-class share listings.

Mr Ma made the comments at an event in the city on Monday in response to remarks made by Hong Kong Chief Executive Carrie Lam about how she hoped Alibaba would consider returning to Hong Kong to list, an Alibaba spokeswoman said.

"Daring to speak like this marks a strong commitment so we will definitely seriously consider the Hong Kong market," Mr Ma said in response to Ms Lam's speech, a…