Tuesday, June 7, 2016
Jack Ma hopes affiliate Ant Financial will list in Hong Kong
Ma, who is Ant's controlling shareholder, made the comments at an event in Macau on June 6.
A listing for Ant has been long expected. But the spokeswoman said that the company does not have a timeline or venue set.
The company, which includes online payment service Alipay – its crown jewel – is valued at close to US$60bil (RM243.72bil), a person familiar with its latest fundraising round said in April.
Ant and Alibaba executives have given mixed signals on a potential venue, mentioning a listing on a mainland stock exchange, going public in Hong Kong, or pursuing a dual-listing domestically and offshore.
Ma's comments were first reported by Ming Pao, a Hong Kong newspaper. — Reuters
Posted by wikisabah at 5:01:00 PM