Alibaba makes Hong Kong debut

Alibaba Group Holding debuted on the Hong Kong Exchanges and Clearing Market on Nov 26, five years after the Chinese internet giant first went public in New York in 2014.

Alibaba's Hong Kong-listed shares jumped 6.25 percent above its issue price of HK$176 per share on Tuesday morning before hitting an early intraday high of HK$189.5. They closed 6.59 percent up at HK$187.60. The company said it raised HK$101.2 billion by selling 575 million new shares to investors.

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