Alibaba.com privatisation

Market bets Alibaba privatisation will succeed

The Alibaba Group offers up to $2.5 billion to take its Hong Kong-listed B2B trading platform private, four years after the company went public.
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Alibaba founder Jack Ma (Imaginechina) </div>
<div style="text-align: left;"> Alibaba founder Jack Ma (Imaginechina) </div>

The market gave a thumbs up yesterday to Alibaba Group’s proposal to privatise its Hong Kong listed business-to-business (B2B) unit Alibaba.com a little more than four years after it went public. Or how else does one interpret the 42.7% jump in the share price when the stock resumed trading yesterday?

¬ Haymarket Media Limited. All rights reserved.

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