Ma 鈥榟opes鈥 Alibaba鈥檚 Ant affiliate list in HK
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ALIBABA Group Holding Ltd’s Executive Chairman Jack Ma “very much hopes” that the e-commerce firm’s affiliate Ant Financial Services Group will list in Hong Kong, a spokeswoman for the online finance company quoted him as saying.
Ma, who is Ant’s controlling shareholder, made the comments at an event in Macau on Monday.
A listing for Ant has been long expected. But the spokeswoman said the company does not have a timeline or venue set.
The company, which includes online payment service Alipay — its crown jewel — is valued at nearly US$60 billion, a person familiar with its latest fundraising round said in April.
Ant and Alibaba executives have given mixed signals on a potential venue — a listing on a Chinese mainland exchange, going public in Hong Kong, or pursuing a dual-listing domestically and offshore.
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