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May 28 - 10:05
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Alibaba set to ramp up tech investment with $20 billion listing
Alibaba is considering a second listing to raise $20 billion. The Chinese ecommerce giant wants to continue its heavy investment into new technologies. Its second offering will take place in Hong Kong, according to reports. Alibaba is currently consulting with advisors, with an application due to be submitted in the second half of 2019. It has a current market value of more than $400 billion.
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