Alibaba goes paperless for $13.4 bln listing in a first for Hong Kong - source
November 14, 2019 at 03:42 AM EST
Alibaba Group will carry out Hong Kong’s first paper-less stock market listing with its $13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders.