Alibaba's leaders are close to seeing the fruition of “Project Tangerine,” the internal name for their effort to raise up to $15 billion in a secondary listing in Hong Kong
BEIJING—Alibaba Group Holding Ltd.’s leaders used the code “Project Orange” to discuss the company’s blockbuster initial public offering in 2014. Now they are close to seeing the fruition of “Project Tangerine,” the internal name for their effort to raise up to $15 billion in a secondary listing in Hong Kong.
Hong Kong’s stock exchange has approved the Chinese online retailer’s application for the offering, said people familiar with the matter, giving the Asian financial hub a vote of confidence after monthslong demonstrations...
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