However, this version includes cameo appearances by Tmall, Taobao, Ant Financial, Lazada, Freshippo, Ele. Among the most famous paintings handed down through the generations in China, “Along the River” portrays an urban setting in the 12 th century Song Dynasty that illustrates the social and economic prosperity of the time. “Today, we are honored to have 10 customers and partners from across our Alibaba digital economy representing four continents and eight countries strike the gong at our listing ceremony, marking the start of our trading on the Hong Kong Stock Exchange.”Īlibaba also gifted a special version of the classic Chinese painting “Along the River During the Qingming Festival” (seen below) to the Hong Kong exchange. My gratitude goes to all the Alibaba consumers who have supported us over the past 20 years, standing by us through our trial and error, as well as innovation for the future,” Zhang said. “On this important milestone, I want to thank our customers first and foremost. (You can read about all the 10 “opening gong” readers here.) WATCH: Highlights from Alibaba’s Hong Kong ListingĪlibaba said the change from the wide range of participants ringing the gong – who were connected to business units from Taobao and Tmall to Lazada and Fliggy, and were users, merchants, IoT experts and entrepreneurs – showed “the globalization and diversification of the Alibaba Digital Economy” since the NYSE listing five years ago. They included a Singaporean durian seller who accepts mobile-payments app Alipay, an Australian dragonboat-racing enthusiast who bought her most recent dragon boat on Tmall – and had it shipped 8,000 miles to Sydney – and a Rwandan fashion entrepreneur who was among the top finalists in the Jack Ma Foundation’s first Africa Netpreneur Prize Initiative. Just as the company did then, Alibaba for its Hong Kong listing chose to let some of its customers and merchants ring the opening gong instead of top executives. Alibaba will continue to trade on the New York Stock Exchange, with the Hong Kong shares fully fungible with the American Depositary Shares listed on the NYSE.Īlibaba’s initial public offering on the NYSE, at $21.8 billion, is still the largest ever. Now trading under the stock code “9988,” the Hong Kong listing was part of a global offering of 500 million new shares. As a result of the continuous innovation and changes to the Hong Kong capital market, we are able to realize what we regrettably missed out on five years ago,” Alibaba Group Executive Chairman and CEO Daniel Zhang said. “I want to especially thank Hong Kong and the Hong Kong Stock Exchange.
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