Alibaba to raise $20 billion through second listing in Hong Kong: sources


Alibaba Group is considering raising as much as $20 billion through a second listing and has picked Hong Kong as the venue, three sources told Reuters, in another blockbuster deal after its record $25 billion public float in New York in 2014. A second listing will give Alibaba the war chest it needs to keep investing in technology as growth in China flags and the world's No.

2 economy pushes to strengthen its tech industry amid an escalating trade spat with the United States. The e-commerce giant is working with financial advisers.

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