Shuli Ren, Columnist

Dear Alibaba, Thank You for the $10 Trillion Gift

A successful Hong Kong listing could help Asian unicorns tap into the region’s deep-pocketed investor base.

November 27, 2019 at 10:00 PM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Closer to home.
Photographer: Paul Yeung/Bloomberg

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Has the golden age of asset management finally arrived in Asia?

For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of U.S. money. And they have been rewarded. From Alibaba Group Holding Ltd. to JD.com Inc., more than a dozen Chinese companies listed there have a market capitalization of $10 billion or more.