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Sunday, Sep 20, 2020

Alibaba makes the largest IPO in Hong Kong in 9 years

Chinese e-commerce giant Alibaba Group Holding made its blockbuster debut on the Hong Kong Stock Exchange on Tuesday under the stock code 9988, despite ongoing protests in the Hong Kong Special Administrative Region (HKSAR). The open price surged by 6.59 percent as of the market closed. Meanwhile, the company's turnover is close to 14 billion Hong Kong dollars (1.79 U.S. dollars).
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