Alibaba's Hong Kong secondary listing (2019)
Alibaba, already listed in New York, sold shares in Hong Kong and raised about $11 billion. US-China tensions and scrutiny of Chinese firms on American exchanges pushed it to build a share base closer to home.
The listing gave Alibaba a large pool of Asian capital and a hedge against US delisting threats.
It opened a path other US-listed Chinese firms followed, adding Hong Kong lines to reduce reliance on American markets.
Like Alibaba, Anker is raising money in Hong Kong partly to cushion against US pressure on Chinese companies.
