Alibaba files for secondary stock listing in Hong Kong: Reports
Alibaba Group Executive Chairman Jack Ma. Photo by Marianna Massey/Getty Images
Details: The deal is being led by Chinese investment bank CICC and Swiss-based Credit Suisse, according to the news organizations. The Chinese e-commerce giant filed the application this week without the need for financial disclosures, Bloomberg reports. It comes 5 years after Alibaba raised $25 billion via an IPO in New York.