Bye-bye to Baba

“Everything has a cost. Our persistence has a cost too”


Charles Li

Hong Kong stock exchange boss Charles Li on losing Alibaba’s $16 billion IPO to New York. He told the South China Morning Post that a review of the exchange’s listing rules was ongoing. The point of contention: Alibaba’s management has insisted it control the board through a dual class share structure, which is not allowed in Hong Kong.

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