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Transcripts For BBCNEWS Business Briefing 20240713

Lets talk some more about the chinese e commerce giant alibaba. Shares in the chinese e commerce giant alibaba have surged in its hong kong trading debut. The company, which is already traded in the us, raised at least 11. 3 billion in its secondary listing. The move is being seen as a strategic step for alibaba in case us china trade tensions continue to worsen, and american regulators decide to take aim at Chinese Listed Companies in new york. Lets get more on this story. Karishma vaswani is our Asia Business correspondent. Tell us more about todays big debut for alibaba. It has been a highly anticipated Share Offering. In fact it is now on track to be the biggest Share Offering of 2019, meaning uber beating oh 8 billion. There has been so much excitement about alibaba listing been so much excitement about aliba ba listing in been so much excitement about alibaba listing in hong kong is because as the company has consistently said it is a way in the words of the former chairman to br

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