Alibaba is in the pink of health. It recently broke records during Singles Day — the world’s largest 24-hour shopping event.
SINGAPORE (Nov 25): Farmers have prospered by making hay while the sun shines. Alibaba Group Holding, the e-commerce giant, is following suit. Its Hong Kong listing on Nov 19 is impeccably timed. It is raising US$13 billion ($17.7 billion) to fund its expansion.
There has been a stampede for the issue, despite the US-China trade war and the crisis in Hong Kong. Media reports suggest that the book is already covered multiple times.
