Alibaba has abandoned plans for a $60bn-plus listing in Hong Kong and has begun work on a US share sale instead after it failed to convince the city’s exchange to allow an unusual board control structure.
China’s biggest e-commerce company ended talks with the Hong Kong Stock Exchange this week, according to people familiar with the company, and is now preparing to appoint banks for a listing in New York some time in 2014.
The decision will be a blow to Hong Kong, which loses out on one of the most anticipated listings since Facebook and its biggest and potentially most lucrative new client since AIA.
您已閱讀48%（606字），剩余52%（659字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。