Peel shares in chinese ecommerce giant i mean baba have surged and its hong kong trading dead one of the years most and to support install for things the company which is already traded in the u. S. Raised more than 11000000000. 00 in its secondary listing on tuesday 8 c. B. Shares of ali baba surged almost 8 percent in the 1st few minutes of trading the initial Public Offering of the Online Retail giant is the Worlds Largest so far in 2019 the secondary listing in hong kong gives access to chinese mainland investors it also means that shares could be traded almost around the clock now between hong kong and new york. Was on kenyan saw the occasion of ali babas 20th Anniversary we have argued in an important milestone which is to come home come back to hong kong for the listing. This ali baba celebrated its founder at the event jack ma who started the company in his living room. Ma listed ali baba at the New York Stock Exchange in 2014 and became chinas richest man back then ali baba sa
usual that it can still attract those big names we have to remember that it s not over the last few weeks in particular questions have been asked about the future of hong kong a financial district well today it showed that it s still a hugely important financial district around the world and has continued to it s going to continue to be for decades to call. from in london thank you very much for joining us. bitcoin investors need nerves of steel the much hyped crypto currency has fallen to another 6 months low and china plays an important role in the current decline that s in part because china has announced plans to take a harder stance against crypto currencies altogether but bitcoin has always fluctuated wildly in the past harping on doubling in value within a few weeks is not uncommon clearly the currency react strongly to good news and