Alibaba files for secondary stock listing in Hong Kong: Reports

Alibaba has filed confidentially for a secondary listing in Hong Kong, Bloomberg and Reuters reported on Thursday, citing sources familiar with the matter.

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.

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