Tim Culpan & Nisha Gopalan, Columnists

Alibaba's Hong Kong IPO Is a Brilliant Idea

It keeps Beijing happy, Hong Kong happy and investors happy. It could even help fund more deals.

May 28, 2019 at 6:38 AM UTC

Updated on

May 28, 2019 at 12:53 PM UTC

By Tim Culpan and Nisha Gopalan

Homecoming king.
Photographer: Tomohiro Ohsumi

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Alibaba Group Holding Ltd.’s potential plan to raise $20 billion in Hong Kong is huge.

That’s not just because $20 billion is a lot of money. After going public in New York, the Chinese e-commerce giant is considering a secondary listing in Hong Kong, Bloomberg News reported on Monday – a coup for the city that’s still sore from missing out on the biggest IPO in history.